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Three ransom deals have been struck in the last week, supporting the "stock clearance" theory, while calmer weather is also due in the coming weeks.
The chain of 300 stores under the Millets and Blacks brands said losses were £16m, up from losses of £7.2m a year earlier as like-for-like sales fell 7.2% and the consumer downturn and stock clearance hit margins.
"There's a lot of stock clearance going on where deals are being done for old boats and crews," said a security source in Nairobi, speaking on condition of anonymity.
Nick Bubb said: There is still no official news from HMV about how Christmas mas trading went, but the rumour mill is active, with suggestions that the The Big Sale is more than just a usual January stock clearance and that HMV desperately need to get some more money in the bank.
Showroomprive came about when French entrepreneur and Internet media specialist Thierry Petit joined with David Dayan, an entrepreneur in the stock clearance and private offline sales profession with Showroom30.
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"New Look suffered from the worsening retail environment towards the end of 2010 and the adverse conditions during the Christmas period," said SVG. "A decline in like-for-like sales, a higher promotional mix and stock clearances have driven a decline in the company's earnings and its value has been written down by £12.2m".
The best time was between 1985 and 1992, after Return of the Jedi was finished and stores such as Woolworths were getting rid of stock in clearance sales.
Jamie Nordstrom, the president of Nordstrom Direct, said the introduction took a while because figuring out how to sell the limited stock of clearance items online was challenging.
The fund aimed to stimulate the housing market in areas of low demand through a combination of housing stock refurbishment, clearance and replacement.
"We've got branded products things like Cadbury's or Fairy Liquid, and 20% of our stock is clearance, someone's gone bust and we can pick up their stock cheap, that creates the wow factor," says Hussein Lalani, who runs the UK's second largest chain of bargain basement shops 99p Stores.
The increase in sales from Mulberry's discount store at outlet park Bicester Village in Oxfordshire is worth noting – clearance stock from around the world is only sold at discounted prices there.
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