Liquidation Terms: The Language of 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. Overstocks: Merchandise in stock and on order in excess of planned quantities
Continue reading »The Liquidation Business Model of Salvage = bargains = happy customers has worked successfully for 40 years. The three-step process was simple. For example, if a warehouse experienced a fire: 1. The insurance company evaluated the loss. 2. A salvor was selected to do an inventory and prepare the paperwork for bidding. 3. Manufactures along
Continue reading »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 reading »Liquidation 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 reading »Montreal-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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Liquidation sales began at Target’s 133 stores across the country after an Ontario court gave the go-ahead for the sale on Wednesday, less than a month after the U.S. retailer announced its plans to leave Canada. Despite some complaints, the 30 per cent discount did exist — if shoppers were looking for cosmetics or women’s
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Liquidation sales at Target’s Canadian stores could begin as early as Thursday. Target Canada will seek court approval Wednesday to allow a group of liquidation companies to start to sell off the contents of its Canadian stores. The U.S.-based retailer announced last month that it will be closing all 133 of its Canadian stores and
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TARGET CANADA IS CLOSING! Liquidation Sales Well its going to be an EPIC Liquidation year indeed! Target Corporation (NYSE:TGT) announced that Target Canada Co. (“Target Canada”) has obtained an Initial Order from the Ontario Superior Court of Justice (Commercial List) (the “Court”) for creditor protection under the Companies’ Creditors Arrangement Act (“CCAA”) earlier this
Continue reading »Target Canada– EPIC Liquidation Let the liquidation Begin!- February 2nd Get ready Canada- This is going to be an EPIC Liquidation- Contact us today and lets work together. 1-844-BUY-EPIC www.EpicLiquidation.com Suddenly there’s a surge of interest among Canadian shoppers looking to visit their local Target store! It’s been less than a week since the
Continue reading »Target’s decision to tuck its tail and run out of Canada means billions in sales will soon be up for grabs — but retailers now face a flood of cheap merchandise and fire-sale prices in the market as the U.S. retailer empties its shelves.Before Target turns out the lights at its 133 locations in Canada
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