AMESFANCLUB
January 19, 2018, 03:46:20 AM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News:
 
  Home   Forum   Help Login Register  

Pages: [1]
  Print  
Author Topic: Article from Southington, Connecticut newspaper about the closing  (Read 875 times)
0 Members and 1 Guest are viewing this topic.
ynkeesfn82
Guest
« on: September 19, 2015, 04:37:09 PM »

The Southington Library scanned and uploaded to a PDF file all issues of the Southington Observer newspaper - the weekly newspaper in town. Here is the article about AMES closing. The article starts on Page 1 and Continues on Page 6.

http://southingtonlibrary.org/PDFFiles/newspapers/2002/08_23_2002.pdf
Logged
TheFugitive
Expert Member
*********

Karma: 35
Offline Offline

Posts: 1440


« Reply #1 on: September 21, 2015, 10:10:38 AM »

Interesting that they continued the 55 Gold program throughout the liquidation.
The liquidator would have had to agree to that.
Logged
BillyGr
Expert Member
*********

Karma: 8
Offline Offline

Posts: 1236


WWW
« Reply #2 on: September 21, 2015, 01:55:43 PM »

Although I suppose it makes sense - if these customers were already willing to come to the store for a relatively small 10% off discount, they would probably be likely to buy stuff when the discounts were on the smaller side (thus more profit for the liquidator)? Perhaps they would also be more willing to take the "leftovers" towards the end if they thought it was a good deal?
So not wanting to alienate these "good customers" making it harder to clear out the stores.
Logged
TheFugitive
Expert Member
*********

Karma: 35
Offline Offline

Posts: 1440


« Reply #3 on: September 22, 2015, 12:08:18 PM »

Liquidators are out to make as much money from the GOB sale as they can.
They shelled out cash up-front for the inventory (granted at greatly reduced prices).
I have seen liquidators actually mark the merchandise UP when taking over, only to
start the 10, 20, 50% markdowns from that inflated starting point.
Logged
Pages: [1]
  Print  
 
Jump to:  


Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
SimplePortal 2.3.1 © 2008-2009, SimplePortal