Retail Liquidation Services | Retailers order inventory based on sales forecasts. What happens when these forecasts are wrong? The retailer must find ways to deal with unsold inventory taking up space on their shelves and in warehouses. One way they may choose to handle this stock is to liquidate it while minimizing any losses. What do retailers need to know about this process when determining if it is right for their needs?
What is Retail Liquidation?
Retail Liquidation Services handle the selling of products or inventory for less than the price the retailer paid initially for the stock. Retailers use this process to dispose of excess assets while generating cash rapidly. Once the retailer sells the stock, the buyer stores it, stages it, or sells it. The buyer may also put the items up for auction or dispose of them.
Product Types
Liquidation solutions vary by the type of product the retailer wishes to sell. Salvage items are those goods not suitable for sale, possibly because they have been returned or damaged. While some damaged items may be sold, this determination is made upon seeing the extent of the damage.
Job outs, in contrast, are items that didn’t sell after being presented to buyers. Although they are brand new and in excellent condition, they take up space the retailer needs for new goods. Rarely are these items damaged, which means the retail liquidation service can offer them for a higher price.
Distribution
Retailers must determine which distribution channels to use based on the type of closeout merchandise they have. Some companies choose to use their regular distribution channels and lower the price of the goods. Nevertheless, they may find it costs too much to use this method. Consider using a professional merchandise liquidation company or an off-price buyer. These companies purchase the goods from the retailer and handle the sale or disposal of them. Retailers find this method to be very effective when it comes to managing their inventory, as they can move the items quickly and efficiently.
Bulk Sales
Closeout sales involve bulk purchases. When separating items to sell in bulk, a retailer may sort them by item, size, or another category. The closeout dealer determines which items will sell in bulk, the categories of these items, and the bundles offered. As a result, buyers are often surprised to learn what they have purchased. They need to speak with the dealer to find the right bulk bundle for their needs.
Retail Advisory and Liquidations
A liquidation professional purchases excess inventory and handles the storage, staging, and sale of the items. Sellers find this is an effective way to get the best resale rates. Consult with multiple liquidators before choosing one to work with, as most individuals and companies operating in this field offer a free, no-obligation consultation. They help retailers determine the right method of disposing of these items while raising the most capital.
Retailers find liquidation allows them to quickly clear stock they no longer need. Doing so frees up space within the warehouse or store without pulling employees away from other tasks to accomplish this goal. Consider this option if you have excess stock, as using this method ensures there is no need to organize excess stock. Furthermore, it often allows the retailer to get the best price for the goods. Everyone wins when this is the case.
