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BIG changes at Big Lots

Big Lots has reported that it’s CEO and president of the Ohio closeout retailer 61-year-old Steven Fishman would soon step down as chairman. This announcement seems directly linked to news about an ongoing investigation into alleged insider trading by Fishman.  Back in March Fishman unexpectedly and outside of his normal trading schedule dumped $10 Million worth of Big Lots stock, this did not go unnoticed and when little more than a month later that same stock plummeted by a quarter suspicions rose.  The CEO is now caught up in an ongoing criminal probe to determine if negative information was kept from investors.

The latest news reports that an Atlanta based law firm of Holzer, Holzer & Fistel filed a class action lawsuit against Big Lots, saying the company “knew but failed to adequately disclose that its consumables line was deteriorating.”  The lawsuit also claims that the company didn’t adequately inform it’s investors “that its margins and prospects were being adversely impacted by consumers making purchases of big ticket products online.”

Just what does Big Lots have to say about this?  Well, Big Lots says there is no relation to Fishman’s departure or any ongoing investigation. “Unequivocally, Steve’s announcement to retire once a replacement has been found has nothing to do with the recent (Wall Street Journal) article or criminal probe,” Charles Haubiel, Big Lots’ top lawyer, told The Columbus Dispatch. “It’s a shame that someone who has done so much good for the company and the community has to have this cloud from someone trying to tie him into an SEC investigation.”

Big Lots

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GetThatWholesale promotes at IRCE 2009′

GetThatWholesale.com presented its wholesale directory model to internet retailers and suppliers alike at the fifth annual IRCE 2009. The event held at the Boston Convention & Exhibition Center June 15-19 was truly a beneficial show to attend. Through an exclusive partnership agreement GetThatWholesale.com is the Official Wholesaler Directory for Internet Retailer.

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GTW-Big plans for 2009′

Almost all of us have experienced the frustration of irrelevant search results when seeking items of interest online. It is begrudgingly excepted as an unavoidable speed bump while surfing the Internet highway. What recourse do we really have? We simply bow to the Internet search God’s having their will imposed upon us.

GetThatWholesale.com has removed the proverbial speed bump for the wholesale industry. A directory or “search engine” is only as good as it’s results. This becomes even more important when the directory speaks to a single industry. Wholesale buyers, like most buyers don’t enjoy wasting time, they are interested in finding quality suppliers and they want them yesterday.  GetThatWholesale has amassed close to 4,000 qualified wholesale suppliers in just 1 year. They attribute their success to quality control and plain old fashioned common sense. All wholesale suppliers who request inclusion to the GTW directory must be verified prior to being published in any one of GTW’s 60 product categories. Verification ensures that buyers who source product at GTW find only true wholesale suppliers, saving everyone involved precious time and $$

Buyers conducting supplier or product searches at GetThatWholesale will enjoy a breath of fresh air. Searching the Fashion Accessories category on GTW for instance will result in over 12 pages of honest to goodness wholesale suppliers. Looking for phony results chocked full of ad-sense and meaningless fluff? GTW has none of it.

GTW offers no phony lists to buy and charges no admission fees. What they do offer is a valuable resource to the wholesale industry, providing buyers and suppliers alike with a FREE meet and greet. Buyers find quality suppliers and suppliers enjoy increased response and inclusion to the Internets largest portal to source wholesale.

GetThatWholesale has surprised many by accomplishing so much in just a single year. With a business model that continues to defy the naysayers and shows no sign of slowing, the future looks bright for staff at GTW. Their growth is inevitable and because they allow all suppliers FREE inclusion their product becomes more valuable and more relevant everyday. Buyers want to shop at the largest mall not the smallest, they demand choice and GTW delivers BIG. Unlike membership based websites and pay-per click driven portals, GTW’s growth is literally limitless.

Executives at GTW feel that focused marketing and not splatter marketing has been a driving success behind satisfying clients. What many suppliers must realize and critically analyze is that not all traffic is “response” traffic. GetThatWholesale’s Vice President of Sales and Business Development Fred Mills said “We have aligned ourselves with industry leaders, those companies that have a proven track record and respect within the wholesale marketplace. Companies who believe strongly in the GTW model and our high level of ethics.” “It has always been about quality with GTW and not simply quantity, having 10,000 visits to your site without a single order has achieved nothing, unfortunately it may have cost you a bundle.” Wholesale suppliers who conduct paid advertising campaigns with GTW enjoy reasonable flat rates with no limits on the traffic.

GetThatWholesale has many new developments and exciting projects planned for 2009′. President and CEO of GTW Robert Light said “We broke ground when we implemented a FREE inclusion directory for the wholesale industry, we plan on taking that shovel to the ground again in 2009′. It is a very exciting time for all of us at GTW and we look forward to many great things to come.”

Through an exclusive agreement with Vertical Web Media GetThatWholesale.com is the Official Wholesaler Directory for Internet Retailer

Internet Retailer Conference and Exhibition 2009

Visit http://www.getthatwholesale.com/ for more information.

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GetThatWholesale jumps 10 Million positions on ALEXA!

GetThatWholesale.com has aggressively entered the wholesale buyer and seller arena. In just the past week alone GetThatWholesale has increased it’s traffic ranking on Alexa by over 10 million positions!!. We attribute this to a highly proactive marketing approach coupled with an outstanding SEO team. Since conception GetThatWholesale has focused on one priority, the “wholesale buyer”. Listing our suppliers for free has quickly brought us to over 2,000 qualified supplier listings. Our directory serves as a valuable resource for thousands of active wholesale buyers. We greatly value the buyer feedback we have received, buyers respond well to our model and appreciate our simple no nonsense approach to listings wholesale suppliers. We are very excited about the tremendous success we have already experienced and we look forward to even greater success going forward.