Situation
Padgett’s Jewelers had been in business since 1929 and had been in the same family for over 50 years. Faye Stafford, the owner of Padgett’s Jewelers, decided to retire and wanted to sell out the inventory of the store.
Solution
In February of 2010 GA Wright was hired to assist Faye Stafford plan and conduct a Retirement Sale for her Jewelry Store. She made the comment, “… no way we could have closed out as much of our inventory as effectively and profitably as we have without the help of GA Wright.”
The Store Closing Sale
Opening day sales were the biggest in memory. The sale was effective at selling merchandise that had been in the store for a very long time. A buying frenzy was experienced with high initial profit margins. Repeat customer visits helped eliminate old merchandise quickly for more money than was anticipate.
Owner’s Comments
“The professionalism and hands on work through the course of the sale created a better selling atmosphere, excitement and overall store ambience. We can away from this experience with satisfaction and confidence in GA Wright and the selling process the company has clearly based its success on.”