Liquidity Services thrives on excess

In an industrial zone off the New Jersey Turnpike in Cranbury, there’s a large, hangar-like building that could be called the Warehouse of Retail Rejects. Inside the 48,000-square-foot structure, workers sort, inspect and repackage everything from exercise bicycles to big-screen televisions for resale. The warehouse, one of six owned around the country by Liquidity Services Inc., is where some of the country’s biggest retailers funnel their overstocks, returned items and damaged goods. On a recent weekday, the place looked like a retailer’s worst nightmare, with dozens of big-ticket items such as flat-panel televisions lined up in rows, along with stacks of laptop computers, and piles of Wii video-game consoles.

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