A B2B marketplace firm reports record gross sales volume

Liquidity Services Inc., an operator of online marketplaces for excess goods, reported a “new all-time record” for gross merchandise volume for its fiscal first quarter ended Dec. 31.

Robust sales on B2B marketplaces are extending into the liquidation industry, where Liquidity Services Inc. is reporting record gross sales volume on its B2B online marketplaces.

“We believe that ecommerce acceptance has been permanently advanced by the accelerated general market trends.”

The company says the value of all transactions on its marketplaces, or gross merchandise volume, increased by 37% year over year to $260.2 million for the fiscal first quarter ended Dec. 31, setting a new quarterly record.

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