Despite a recovering economy, US shoppers still found enough money on their credit and debit cards to drop $601.8 billion in retail spending during the recently completed 2014 holiday shopping season per the National Retail Federation. While we can’t know the depth of thought and consideration that took place with those buying decisions, we do know that plenty of people took the opportunity to return a variety of items.
That returned merchandise presents an opportunity for adept resellers. Firms like Liquidity Services Inc., which operates Liquidation.com, engage in managing the items that go back to the returns counters of stores like Walmart and Costco.
Such items end up in the online marketplaces managed by these companies on behalf of the big name retailers, selling returned items in bulk auction lots online.