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 […]
Continue readingThe 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 […]
Continue readingDiscounters toss their old business plans in the bargain bin In a fast-growing sector that caters to bargain hunters, some discount retailers are being transformed by fierce new competition that is forcing them to improve or face extinction. As a bevy of smaller Canadian discounters are being pushed out or shrinking – including Quebec-based Hart […]
Continue readingLiquidation 101 Terms Relating to Salvage: The Language of EPIC 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. The savings are often passed […]
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