Liquidating store

25 Jan

As an alternative, it can sell its entire inventory to a liquidator, who will pay a lower price for the products but will take possession of them and pay for them immediately.

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Dick’s Sporting Goods meanwhile was able to snap up its intellectual property and many of its stores.

It liquidates its inventory and other assets by selling them off quickly, often for less money than the company originally paid for the items.

A business has several options from which to choose when it liquidates its inventory.

The company expects an impairment charge of about million from deferred rents and other credits, a result of the store closures.

The impairment charge will be recorded with the third and fourth quarters of 2017.