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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.
Each year, B-Stock facilitates the movement of billions of dollars worth of returned and overstock inventory via the world’s largest B2B recommerce marketplace. This means, of course, that we sit in the middle of a two-sided network madue up of…