Consignment shops appeal to a lot of potential retailers simply because they do not require a large grubstake to purchase merchandise to sell to customers. Well, they think, that’s cool. If I don’t sell it at a profit, heck, I don’t have to pay for it. So, I don’t sell it, I’m not out a penny.
We’ve already talked about how easy it is to go bankrupt.
There’s another way to go bankrupt in a flash, and this way is not limited only to consignment shops. It applies just as well to BOR stores (Buy OutRight, those second-hand shops that pay cash for underused possessions) and even thrift stores (stores which sell donated items, usually operated by a bona-fide charity).
This way of ruining your own hard-worked, hard-earned, hard-won business is totally inadvertent. In fact, you may see (more…)
There was nothing so much as zombies that came to mind today as I made my annual trek to “the malls” to see how Christmas was faring, retail-income-wise.
Auntie Kate The Resale Expert 