Amazon's Woot launches a B2B auction site for excess merchandise
Woot, a daily-deal retail site and Amazon.com Inc. subsidiary, recently launched a business-to-business e-marketplace—Woot Liquidation Auctions—where merchants and other businesses can buy excess merchandise.
The online B2B auction site, developed by B-Stock Solutions and located online at Woot.BStockSolutions.com, allows business buyers to bid on new, excess merchandise. Businesses can buy anything on the site from a truckload of salvaged TVs to a pallet of toys, and all items are sold for a fraction of their retail price, says Howard Rosenberg, CEO of B-Stock Solutions. In the future, he adds, the site may include products that were returned by customers or that Woot was unable to deliver.