One day, during a liquidation, one of our clients noticed I was looking a little amazed at his collection of arrows in his archery inventory. “They constantly change, evolve, go in and out of style” he answered as though I had asked the question. Like clothing, a business can end up with excess inventory due to a slight change in style. Personal likes and dislikes drives business up and down daily and it takes a savvy business person to stay on top enough to keep inventory lean. However, sometimes even the most savvy business person can not guess how the next “big thing” will affect their inventory. Inevitably some of the inventory finds its way to the storage closet. After a while, the storage closet is tying up a great deal of money. The best way to tap the cash in an older inventory is to hold an Inventory liquidation sale.
An inventory liquidation sale is not the same as a normal sale. Afterall, the reason the inventory is in the storage closet is that it stopped selling through normal channels. One might think that you must sacrifice your older inventory “at a loss”. This is not true. At Professional Liquidation Incorporated, we have designed and developed a system of merchandising, markdowns and timing that can help you recover 96 to 130% of your inventory costs.
Call us today and we can discuss your options for reducing your inventory. The professionals at PLI will answer your questions and tailor a system just for you.
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