Store Closings

Great American Group is the leader in assisting retailers with retirement, going-out-of-business, bankruptcy, and fixture sales. We'll help you define your goals and objectives, and guarantee maximum results with upfront payments or letters of credit. We'll also prepare and implement marketing programs that bring in customers while providing hands-on management to deal with every aspect of the project.

 

Store closing events can be utilized to clear excess inventory and create a significant liquidity event

• Excess clearance inventory from nearby long-term locations can easily be transferred to a closing location.
• The average unit retail and sell-through percentage achieved during a store closing event is typically higher.
• Many times, the worst inventory in a go-forward location can become the best inventory in a closing event.

For one store or one hundred, healthy retailers continually call on Great American Group to:

• Convert unwanted inventory into working capital.
• Advise on maximizing the impact of special promotional events in existing stores.
• Develop specific plans to retain and redirect customers to ongoing stores and online channels.
• Negotiate rent relief and mitigate lease liability.

Our Liquidation Philosophy:

• Protect our client’s brand, history, and customer goodwill.
  
• Utilize store closings to clear excess inventory and create a significant liquidity event.
  
• Engage store management, associates, and customers to ensure a smooth operation.
• Remain flexible and tailor our approach to client’s needs.
  
• Realize that anyone can write a contract but not everyone can develop a partnership that accomplishes the goals of its clients.
• React quickly...this is the key to liquidations.
• Continue to work for our clients after the merchandise itself is sold:  Get the most value for each client's fixtures, real estate, furniture, and other intangibles.