Discounters toss their old business plans in the bargain bin In a fast-growing sector that caters to bargain hunters, some discount retailers are being transformed by fierce new competition that is forcing them to improve or face extinction. As a bevy of smaller Canadian discounters are being pushed out or shrinking – including Quebec-based Hart […]
Continue readingLiquidation 101 Terms Relating to Salvage: The Language of EPIC Liquidation World Closeouts-An offering of selected discontinued goods by the vendor to the retailer at reduced prices. This merchandise has been discontinued because of slow sale, a broken assortment,overstock, or the need to make space for a new season, etc. The savings are often passed […]
Continue readingMontreal-based Bentley Group, Canada’s largest luggage retailer, is closing about 120 of its 550 stores nationwide as part of a restructuring. The move will reduce the workforce of about 3,500 full- and part-time employees by 500, while another 20 staff members at the head office will also lose their jobs. Owner Andy Chelminski said in […]
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