Nearly half of small businesses in the UK have excess goods to the tune of £66,000 – and are faced with having to slash prices or even give away some of this surplus for free over the Christmas season.
A poll of 250 SME owners found that, of the 45% who are looking to offload surplus stock, they estimate this to make up a staggering 19% of the current stock holdings in their warehouse.
And three in five (59%) of those in this situation admit there will be “dangerous” ramifications for their business if they fail to sell off excess stock.
