Diving into Retail III (Liquidating Like a boss)

This piece does a great PR job for the four main bankruptcy liquidators coming just short of the "C" word ("collusion," that is). Choice stat: "Revenues for Great American’s auction and liquidation services increased $26.3 million, or 73.7%, to $61.9 million last year. All of that was due to an increase in revenues from retail liquidation engagements." Recognizing that these figures represent revenue rather than profit, we nevertheless draw two potential conclusions from these massive amounts: 1) companies are doing a horrific job of negotiating deals with these liquidators if there is THAT MUCH value to be reaped by the liquidators amid THAT MUCH competition; and 2) those flashy red/yellow GOB signs belie what kind of deal consumers are actually getting at the end of the day. What are those 40-50% off figures off of? We're curious. Meanwhile, add Bebe Stores as a source of revenue for '17.