Liquidation Terms 101

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 […]

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The Discount Retailer Business Plan Vision

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 […]

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Liquidation 101

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 […]

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