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They're the undertakers of the retail business, charged with giving stores a graceful exit from this earth (at 60% off!). And when they tell strangers what they do for a living, it's sometimes hard to do it with great gusto. "'Liquidator' sure has a negative connotation, doesn't...
Liquidators insist they're not the bad guys, and can get quite defensive about their profession. "Someone who is inexperienced will say 'the liquidators are taking over the company, and therefore we are going out of business," says Harvey Yellen, chairman of the Great American Group. "You're going out...
What are the keys to a successful liquidation? Start with the signs. At the Circuit City near Manhattan's Lincoln Center, Fried, fresh off a nine-week job running clearance for a Mervyn's store in California, has plastered the storefront window with seven somewhat garish red and yellow posters...
At the Lincoln Center Circuit City, Fried is prepared to clear the shelves. In a stockroom, he's got hundreds of additional discount stickers piled up - 40%, 50%, all the way through 80% off. Electronics are rarely discounted as desperately as, say, clothes, so 10-20% deals alone could move...
But when the U.S. Fish and Wildlife Service announced in December that it would begin an investigation into whether the butterfly, with an estimated population of 5,000, deserves protection under the Endangered Species Act, Cloudcroft residents did anything but rejoice. In fact, they rebelled against the idea that the...