Depression,Era,Holiday,Season, business, insurance Depression Era Holiday Season forces Emergency Inventory Liq
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Black Friday 2009might be an analogy for the lights going out on retail businesses acrossAmerica. Dismal sales figures willincrease the number of emergency inventory liquidation sales and the need tohire a retail liquidation specialist. For the second year Black Friday saw a -2% decrease in sales sending aripple through the New York Stock Exchange. Walmart fell 33 cents to $54.63 yesterday in New YorkStock Exchange composite trading. Richfield, Minnesota-based Best Buy lost 43cents to $42.83. Macys, based in Cincinnati, and dropped 59 cents to $16.97yesterday on the New York Stock Exchange. (Source: Bloomberg.com)Manyretailers are counting on Cyber Monday to lift their lagging holiday salesfigures. More data about "Black Friday" sales came to light on Sunday, with a bit more pessimism than earlierreports. Meanwhile, the focus is shifting toward "Cyber Monday,"where more online deals are expected. (Source: PCMagazine) Cyber Monday the Monday following theBlack Friday and the busiest day of the year for e-commerce is about to begin(or has already begun by many online retailers.) (Source: Noobpreneur) Smaller retailestablishments that do not have an online retail presence will have tore-evaluate their ability to last another year. Higher rents and declining sales in 2009 have force many brick andmortar stores to close their doors.The WaldoffGroup is the Internets #1 ranked retail crisis liquidation firm and their CEOMilton Waldoff says, A well planned and well executed store closing takesplanning, which include many hours of time. Well planned involvestiming, merchandised correctly, advertised wisely, working with the storesmanagement and personnel in a manner to maximize results. He continues Too often store ownersundertake this once in a life time opportunity with very limited experience anda lack of knowledge of how to make a store closing profitable.According tothe Waldoff Group website When a business needs to be closed, whether it isthe owners desire or simply something that must be done, a professional knowshow to maximize this once in a life- time opportunity. The professional can devote the time andeffort to addressing your problems while you continue to operate yourbusiness. This holiday shopping season will be the final for many retail stores. If you are planning a going out of business sale consider the following. Are you thinking "I need to liquidate my inventory",this will be as important as the decision to close. A successfulclosing with the assistance of a retail crisis manager in most caseswill allow the store owner to leave profitably. To ensure the closingprocess is effective a professional should be contacted at the earliestpossible moment in the planning stages. If black Friday was notprofitable the time to contact a retail crisis manager is now.
Depression,Era,Holiday,Season,