Annual Event Where Retailers Restock Inventory
Following Busiest Shopping Days of the Year
WASHINGTON–(BUSINESS WIRE)–Nov. 20, 2012–
With record shopping expected on Black Friday, Small Business Saturday
and Cyber Monday, Liquidation.com — the largest online auction
marketplace for returned and overstock merchandise from seven of the top
10 U.S. retailers — is prepping for Restock Tuesday, the annual day on
which small-business retailers and e-tailers descend on the website to
restock their shelves and websites following the busiest shopping days
of the year. Liquidation.com lets retailers choose from a wide range of
categories, including hot holiday items like consumer electronics,
apparel, jewelry, toys, tools and home goods. Depending on the type of
product and each merchant’s quantity needs, merchandise is conveniently
available by the truckload, pallet, or in single-unit quantities.
Restock Tuesday, which falls on the Tuesday after Thanksgiving, is
traditionally one of Liquidation.com’s busiest days, with website
traffic typically increasing by 15-20%. To prepare for the inventory
needs of its customers, the company expects its auction count to
increase by 20% and will be hiring additional team members in its four
warehouse centers across the United States.
“We are seeing a trend of more retailers opening their doors even
earlier this holiday season to satisfy consumer and industry
expectations,” said Cayce Roy, President of Liquidity Services’ Retail
Supply Chain Group. “When you combine that with the overall projected
4.1% increase in holiday sales, we are expecting record numbers of
retailers and e-tailers to be restocking their inventory immediately
following the Thanksgiving shopping weekend to prepare for the December
rush. As the leading business to business channel for the sale of
surplus inventory, Liquidation.com is best positioned to quickly,
effectively and conveniently satisfy any retailer’s inventory needs to
ensure their shelves or websites are stocked with all the hot items
needed for a successful holiday season.”
Liquidation.com supports retailers of all sizes as it works with the
largest and broadest range of retailers in the U.S. selling surplus,
overstock and consumer-returned inventory to other retailers in need of
similar products. Auction sizes include truckload, pallet, small package
and single-unit, while product conditions range from new to consumer
returned and salvage. More than two million registered buyers source
inventory and merchandise from Liquidation.com, with access to inventory
in warehouses located in Garland, TX; Plainfield, IN; Cranbury, NJ; and
Las Vegas, NV.
Liquidation.com is a Liquidity
Services Inc. marketplace where professional buyers and end users
can source commercial surplus inventory in an online auction
environment. Bulk lots are sold by the truckload, pallet or small
package, as well as in single unit lots, and conditions range from new
in box to customer returns and used. Its wide variety of product
categories includes apparel, computers, electronics, housewares, tools,
jewelry, general merchandise and much more.
About Liquidity Services Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies and buying customers the world’s most
transparent, innovative and effective online marketplaces and integrated
services for surplus assets. On behalf of its clients, Liquidity
Services has completed the sale of more than $3.0 billion of surplus,
returned and end-of-life assets, in more than 500 product categories,
including consumer goods, capital assets and industrial equipment. The
company is based in Washington, D.C. and has approximately 1,300
employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Melissa Gieringer, Public Relations