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 up-front 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.