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03:27 PM
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Subject
Most retailers are 'self-liquidating' - Want to know why? Come inside...
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[quote:Anonymous Coward 66099637:MV80NDQxMjQ4XzgwODUxMTA2X0M4NTE1MEMw] [quote:KRIMMY8684:MV80NDQxMjQ4XzgwODUxMDY5X0Y3NjgwRTA=] I manage a higher end women's clothing store, when we closed on St. Patrick's day we were told we could only stay closed for three weeks because the distribution centers were full and there was no where for the product to go. I was one of the first wave of stores to re-open at the end of May with relatively normal inventory, I usually have around 14,000 units in store. I'm down to 7,000 units and we are being told we will not get replenishment until the end of July or August. Fall product is supposed to be coming in, but apparently they sent all of the summer product back to suppliers, at least that is what we are being told. Business has been booming since we reopened but at this rate I don't know that we will make it to August. If we are forced to close again, there definitely won't be any going back. [/quote] [/quote]
Original Message
Most retailers are preparing to go out of business. They are self-liquidating because cost and they know they only have a narrow "re-open" window to do it.
And...
Because the big liquidator companies are overwhelmed and can't move the product to other retailers because there are no
other
retailers now.
They can't even load it and ship it to dump it in Africa or South America.
So this is why.
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