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Retail Store Management

Notes 4.1 Store Opening and Closing Process

How to close a retail store? Opening a retail store really depends on where you live. Each state
has their own commerce laws and policies. To open a retail store, you need a legal organization
for your business such as sole proprietor, partner or corporation. The name of your business and
tax identification number are required. You also need to decide on what you will be selling,
location, employees, wholesaler and a business plan.

4.1.1 Essentials of Store Opening

Following are the essentials of store opening:

At least two employees must be present to open the facility. One employee will enter the
facility, while the other waits outside in a locked vehicle with access to a mobile phone.

The outside employee will maintain a clear view of the facility and wait for the
predetermined all clear signal from his/her associate.

!

Caution If the outside employee notices anything suspicious, or does not see the all clear
signal in a reasonable period of time, he/she will immediately call 911 and then call the
company’s security department.

Upon entering the facility, the inside employee will relock the front door and disarm the
premise alarm system. If the employee is threatened while disarming the system, he/she
will enter a duress code into the alarm system keypad.
After disarming the premise alarm system, the employee will walk around premise to
look of signs of intruders or forced entry. The employee will pay special attention to rest
rooms, offices, and other areas where an intruder may hide. If an intruder is suspected, or
a sign of forced entry is noticed, the employee will immediately leave the facility then call
the company’s security department.

After checking the interior of the facility the inside employee will post the predetermined
all clear signal. The signal must remain visible until all scheduled employees have reported
for the day.

Safe and vaults should be disarmed at the latest practical time. If an employee is threatened
while disarming the vault he/she will enter a duress code into the alarm system keypad.

The front door will remain locked until opening time.
Before opening for business, all camera views will be checked to make sure cameras are
aimed properly. The DVR will also be checked to verify that it is recording. Any problems
with the cameras or DVR will be reported to the security department immediately.

4.1.2 How to Close a Retail Store?

Want to know how to close a retail store? Maybe a business isn’t working out, or maybe you’re
hoping to make some cash by closing a store and moving on to a better venture. Regardless of
your reasons, make sure you follow the right procedures to close your store and maximize your
return.

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