Report: 10,000 retail stores could close by year-end
Interesting take on the state of the retail industry by Grant Thornton CARS national managing principal Marti Kopacz. Marti makes a great point that I could not agree with more strongly:
“Although there’s high risk in the retail industry, now is the time for companies to fine-tune their business and take advantage of new opportunities,” he said. “The winners will be the disciplined companies investing the time, effort and resources to reexamine their strategies and position themselves for growth.”
Inventory is the enemy of the retailer. Successful merchants in these tough times will be forward-thinking and creative in there use of new and innovative closeout solutions, like B-Stock Solutions’ services, for managing their inventory levels and liquidation recovery rates. There is a new Closed Listings section at the B-Stock Sourcing Network available.