Companies that hold inventory must have a structured way of managing it. When the production or sales departments need material from inventory, they can either take it from the most recently purchased ...

WInding down a business is a straightforward process. The company notifies its employees, its vendors, its creditors and its customers that it is closing up shop. It pays its taxes and fulfills its ...

Every year thousands of retail merchants and corporations across North America go out of business, move, reform, and amalgamate, and often this results in billions of dollars worth of stock and ...

As online retailer Zulily winds down its business, $85 million in inventory is up for grabs. Gordon Brothers, which is handling the liquidation, is marketing the inventory to firms looking to procure ...

The American Institute of CPAs has written a letter to the Internal Revenue Service requesting more flexibility for businesses that needed to get rid of extra inventory during the COVID-19 pandemic.

Learn how LIFO liquidation impacts businesses, why companies use this method during inflation, and see a real-world example to understand its financial benefits.

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ASHEVILLE, N.C. (WJHL)- Officials with Earth Fare, Inc. announced Monday they would be closing all stores and starting inventory liquidation sales. The news release added that all employees have been ...

PITTSTON, Pa. — Once upon a time, when parents were scrambling to occupy their children during pandemic lockdowns, bicycles were hard to find. But today, in a giant warehouse in northeastern ...

Earth Fare is calling it quits. The Asheville-based natural grocery store announced via press release Monday that it will begin inventory liquidation sales at all of its stores. The company is also ...

J.C. Penney’s (JCP) fiscal 2017 second quarter adjusted EBITDA was short of the consensus forecast due to higher than anticipated margin pressures caused by liquidation of inventory at stores ...