We are well into the Christmas selling season with only about one week left. You should have a pretty good idea how it’s going to turn out and if you are going to be able to handle all those accounts receivables that will be due in January.
If your like most retailers I’ve talked with this year continues to be a challenge and next year is still full of lots of unanswered questions. As on-line sales continue to grow, brick and mortar sales decline. Competition with on-line retailers, including your own vendors grows each day. Your margins continue to shrink and your expenses continue to rise. It gets harder and harder to find good dependable employees. The talk of a minimum wage of $15 per hour scares the heck out of you.
Now is the time for you to make some decisions.
Can you answer “Yes” to any of these statements:
•My sales have been declining
•I have old or excess inventory
•My bank, vendor or credit card debt continues to increase or is past due
•I’m investing personal funds to cover cash flow problems
•My store continues to have operational losses
•I’m experiencing undue stress
•I’m ready to retire or sell my store
If you answered yes to anyone of these statements you need to seriously consider the future of your business. If you answered yes to two or more of these statements, we need to talk now.
Give me a call – Chuck Haug – 520-305-9693
Retail Store Closing Sales