Record Returns on Holiday Gifts

Local retail surplus stores are overflowing with holiday returns and that means major price markdowns. Liquidation.com says a record amount of merchandise is entering their Las Vegas retail surplus warehouse.

Experts estimate that more than $40 billion worth of holiday gifts will be returned Nationwide. The stores are also getting tons of overstock products from local retailers. Liquidation.co merchandise is sold by auction online. Items include clothes, jewelry, iPads and TVs. "Our warehouses are full. We've got four warehouses around the country and we're really seeing the crush of that volume from the holiday returns. I think during the holiday season you saw customer with increased confidence and went out and bought more and consequently they returns more. All auctions start at $100", says Bob Caskey, VP of Marketing for Liquidation.com.