Category: In The News

Tempe man creates discount reselling business

Scott Fitzgerald noticed a trend in the way major retail stores handled their excess product and decided to take advantage. Fitzgerald recently founded The Curb, a Tempe-based business that purchases returned or exchanged merchandise from big-box retailers and then resells them for a fraction of the price. “During the 23 years, I saw how returns …

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The “Moneyball” Approach to Customer Returns and Excess Inventory

Most of us are familiar with “Moneyball,” a book-turned-film about a Major League Baseball team’s data-driven approach to assembling a competitive roster of players, which ultimately disrupted the existing model. While not as glamorous as the MLB, the same approach of focusing on key metrics can be applied to maximizing recovery on returned, overstock and excess inventory slated …

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EY Announces EY Entrepreneur Of The Year 2015 Semifinalists in Northern California

EY today announced the semifinalists for the EY Entrepreneur Of The Year 2015 Award in the Northern California region. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. These business leaders were selected as semifinalists from 100 nominations …

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Groupon Goods launches a European B2B auction site for excess merchandise

The online retailer’s Groupon Goods Liquidation Auctions e- commerce site lets retailers and other businesses bid on merchandise that for one reason or another couldn’t be sold through the Groupon Goods European e-commerce site. Groupon Goods Global GmBH, the Switzerland-based unit of online retailer Groupon Goods that retails and ships general merchandise from Europe, has …

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How to Take out the Liquidation Middleman

For retailers, the process of buying and selling merchandise in the liquidation market should be as simple as finding a product-specific marketplace and joining or registering in the different marketplace online forums. This may seem mundane, but it can become difficult if you do not have an experienced partner looking out for your business interests. …

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Best Practices for Returned and Excess Merchandise

In 2014, consumers returned a record $284 billion worth of merchandise to retailers. This number is increasing largely due to the increase in online sales (which typically bring a higher return rate) and relaxed return policies to drive customer loyalty. Lack of innovation over the past 50 years for dealing with consumer-returned and excess inventory …

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Seasonal Returns Provide Great Product Sourcing Opportunities

Despite a recovering economy, US shoppers still found enough money on their credit and debit cards to drop $601.8 billion in retail spending during the recently completed 2014 holiday shopping season per the National Retail Federation. While we can’t know the depth of thought and consideration that took place with those buying decisions, we do …

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Posted in: In The News