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Retail

Clothing & Accessory Stores

The owner of established women s fashion clothing store & boutique, with a huge customer base, is retiring. It is a consignment store, which pays its suppliers after the goods are sold. Therefore, the cost of carrying inventory and working capital is substantially less. Party dresses such as bridal and prom dresses are sold on a consignment basis at a deep discount price. 70% of sales are consignment sales and the rest is from new designer clothes. Consignment sales are paid in 55 days after the sale, another positive fact of the store. Its internet based sales account for 8% of total sales, which could be increased substantially with effective management of its own website for its huge customer base established over 45 years! sales in recession year 2008 has been very strong, and it is still strong.

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