Winding Down as Retail Hits the End of the Road
-- Retail Dive: June 10, 2019
Winding down a retail business requires a combination of art, science, creativity and instinct that is in stark contrast to day-to-day retailing. When investors and lenders lose confidence in a retail operation and financial recovery becomes the objective, professional liquidators who specialize in monetizing inventory and assets will invariably produce the best outcome. Retail Dive recently released an article discussing how large retail chains liquidate. Full of in-depth research and valuable insights from seasoned veterans in the liquidation industry, including quotes from Fortis Business Advisors, the article shows why it is important to bring in professionals when capital is at stake and results are what matter. There is value in being mindful of what could be left on the table.