Liquidate bulk quantities of returned and overstock inventory.
Sales forecasts help define stock level requirements, but it’s far from an exact science. Over-ordering of stock is, and always has been, a major issue for retailers. The problem is not unique. Globally, in 2015, overstock accounted for $1.1 trillion in lost revenue. The COVID-19 pandemic caused a massive downturn in global retail sales. The result, according to the Council of Supply Chain Management Professionals, is an estimated $8 trillion worth of unsold stock that retailers have on hand.
Returns too, are on the increase. Worldwide, in 2018, an estimated 1.8 billion people bought goods online amounting to $2.8 trillion. In 2021, that figure is expected the reach $4.8 trillion. eCommerce is exploding and with it comes an increase in returns. Indeed, customer returns make up a major part of liquidation merchandise with at least 30 percent of all products purchased online returned. However, statistics show that only a fifth of goods returned from online sales are due to damage.
Reseller Business Opportunity
Buyers of liquidation merchandise are typically SMB operators searching for boxloads, pallets and truckloads of inventory surplus and returned merchandise. Their business is to repackage or refurbish these items for resale on well-known online marketplaces or their own website. It’s a business model that is proving to yield decent profit margins and as, such, the channel is growing.
List and Sell
Liquidity Services operates the worlds leading online marketplace, AllSurplus. We give you and your team complete control to easily promote listings to hundreds of thousands of buyers.
Of course, we are always available to assist you whenever needed. We support you with marketing, sales strategies, dispute resolution and settlement to help accelerate sales through B2B or B2C channels with the least amount of hassle.