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Rising unemployment and lower than expected sales figure over thetraditional holiday shopping season will leave many retailers seeingred. Questions such as How do I close my retail store, I need to liquidate merchandise?, and What is a retail crisis manager?,are now popular Internet search phrases. Once thriving retailbusinesses are closing at a staggering rate; leaving vacant stores inmalls and city centered across the United States. Few if any preparedan exit strategy along with their original business plan to open aretail establishment. Many retailers are wondering if they waited toolong to seek help in closing or restructuring their stores. If one evensuspects there are financial issues, the sooner the call to a retailcrisis specialist, the better. Hiring a professional to assessyour business is the first step in determining whether you will need toclose or restructure your retail business. This is an important stepas it removes emotional decision making from this critical process. Aretail crisis manager will look with an unbiased eye at the currenthealth of your sales. Their report will give you a realistic view ofthe next steps you should take. They will be able to guide you towardsa feasible goal for your business. This is an important call forevery retail store owner struggling in this economy. Internetresearch shows that the top ranked retail crisis specialist MiltonWaldoff of the Waldoff group offers sage advice during these tougheconomic times and is number one at the game of retail turnarounds. Heposes a question to me Why hire a professional? and then answers iffor me. A professional knows that often in attempting to come up withthe right solutions, there is usually a litany of problems that must beaddressed immediately, while the solutions are being developed and putinto place. He continues, They know what must be done to assist youin developing realistic goals based on your situation, your problems,your needs, your desires plus they can devote the time and effort toaddressing your problems while you continue to operate your business.His final statement is preceded by a long silence, A professionalknows the tested and perfected methods in working through problemsoften require an unemotional approach, rarely achievable by owners. Makingthe important decision to get help is often difference between aliquidation sale and structuring your business. Putting off asking forhelp and hoping for the economy to improve will not save your business.You need to be proactive. A retail crisis manger can provide you withmultiple solutions and begin implementing changes needed for asuccessful liquidation or turnaround.
Need,Liquidate,Merchandise,Clo