Liquidation Terms: The Language of Liquidation World Closeouts: An offering of selected discontinued goods by the vendor to the retailer at reduced prices. This merchandise has been discontinued because of slow sale, a broken assortment,overstock, or the need to make space for a new season, etc. Overstocks: Merchandise in stock and on order in excess of planned quantities […]
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Liquidation Business Model: Salvage = Bargains = Happy Customers!
The Liquidation Business Model of Salvage = bargains = happy customers has worked successfully for 40 years. The three-step process was simple. For example, if a warehouse experienced a fire: 1. The insurance company evaluated the loss. 2. A salvor was selected to do an inventory and prepare the paperwork for bidding. 3. Manufactures along […]
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