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In the past year how do I close myretail store, best way to close a retail store, retailcrisis turnaround and retail crisis management have becomepopular search phrases on the Internet.Business owners in increasing numbers are having going out ofbusiness sales. Not since the 1980s has our country struggledso hard against dire economic forecasts and rising unemployment. New retail businesses as well established retail stores are bothclosing their doors at a rate not seen since 1983. Withunemployment topping 10% (USA Today), Americans are spending less onnon-essential items and making do with last years purchases. A growing number retail businesses are seeking assistance in closingtheir stores profitably. Many will seek the specializedservices of a retail crisis manager before they have a going out ofbusiness sale.While small and midsize retail establishments struggling thepast eighteen months, now some of the major brands and design giantsare seeking retail crisis managers to stay in business or close theirdoors. The struggling apparel retailers include GAP, EddieBauer, Timberland, Ann Taylor and Pacific Sunwear (Forbes). Unfortunately for shoppers Eddie Bauer is on the critical list,while Timberland, Ann Taylor, GAP and Pacific Sunwear are closingstores in an effort to stay in business. Another casualty CharmingShoppes (owner of Lane Bryant, Fashion Bug, Catherines) is set toclose another 100 stores.A leader in the field of retail crisis solutions (ranked #1 byGoogleand MSN), The Waldoff Group has been serving the retail communitywith itsexpertise for nearly 2 decades. CEO Milton Waldoff currently based in Hattiesburg, MS has a longfamily history owning and operating retail business throughoutMississippi. He brings a unique businessperspective to retail crisissituations having experience both highly acclaimed success and,himself, being a retail casualty of the 1980s economicdownturn.They take apersonal approach to each owners specific needs. Their clientsvary from businesses needing to find a retail turnaround solution tothose needing to close their retail stores. Their Groupbelieves Good management means knowing when to call for help. As a retail consultant He contributes his expertise and years ofexperience as a very successful merchant and businessman, inassisting storemanagement in recognizingproblems and the successful implementation of solutions. Turnaroundand crisis management has become a specialty of The Waldoff Group.Through his personal experience, guidance and leadership he continuesto assist troubled companies in returning to profitability. Ofcourse there are many other retail crisis turnaround managers otherthan Mr. Waldoff. We chose him as an example since he is rankednumber one by the two major searchengines and the testimonials onhis site certainly reflect why with a plethora of happy clients.Business owners should be aware there is a wave of newly mintedretail crisis managers promoting themselves online. Accordingto the management library Crisis management is a relatively newfield of management. Typically, proactive crisis managementactivities include forecasting potential crises and planning how todeal with them. Finding a retail crisis manager withexperience and a track record of results will become more difficultas the recession deepens. Store owners will need to carefullycheck the experience and testimonials of perspective retail crisismanagers. Acting before the crisis worsens, more often thannot, will mean the difference between liquidation and closing onesstore profitably.
How,Close,Retail,Store...Use,S