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Your Store Won’t Truly Be Christmas-Ready Until You Do This

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(Our November print issue includes a feature story detailing “10 Steps to Last-Minute Holiday Success.” Today we bring you an excerpt explaining one of those steps: moving out old inventory.)


Laurelle Giesbrecht of French’s Jewellery in Wetaskiwin, Alberta, Canada, clears out old merchandise by early November. It’s her only deep-discount sale of the year. She puts aside classics and basics she knows will sell for the holidays and deeply discounts everything else. “We’re closed the day before and the night after. We work through the night so when we open up the morning after, our store is Christmas-fied.”

Andrea Hill says the fourth quarter is a great time to create sales inventory highlights.

“Picture this: You take two or three items that have been sitting there forever, and you dramatically mark them down. Feature them in a tower near the door, so nobody can miss it. Make it clear that when these deals are gone, they’re gone — but also, that there will be some new surprise in that same spot tomorrow, or the next day. The goal is two-fold:

“Move old inventory, and catch the attention of the browser who would otherwise walk in and walk out without purchasing anything.”

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Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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Your Store Won’t Truly Be Christmas-Ready Until You Do This

Published

on

(Our November print issue includes a feature story detailing “10 Steps to Last-Minute Holiday Success.” Today we bring you an excerpt explaining one of those steps: moving out old inventory.)


Laurelle Giesbrecht of French’s Jewellery in Wetaskiwin, Alberta, Canada, clears out old merchandise by early November. It’s her only deep-discount sale of the year. She puts aside classics and basics she knows will sell for the holidays and deeply discounts everything else. “We’re closed the day before and the night after. We work through the night so when we open up the morning after, our store is Christmas-fied.”

Andrea Hill says the fourth quarter is a great time to create sales inventory highlights.

“Picture this: You take two or three items that have been sitting there forever, and you dramatically mark them down. Feature them in a tower near the door, so nobody can miss it. Make it clear that when these deals are gone, they’re gone — but also, that there will be some new surprise in that same spot tomorrow, or the next day. The goal is two-fold:

Advertisement

“Move old inventory, and catch the attention of the browser who would otherwise walk in and walk out without purchasing anything.”

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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Most Popular