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Slack periods can see significant amounts of excess stock piling up in the stockrooms of major retailers, who are less-than-happy to see obsolete goods cluttering their backrooms. Historically such retailers would have sold this excess stock for a pre-negotiated (most likely low) price, to one or two liquidators. However a shift has taken place in recent years: eliminating the liquidator from the equation, and directly selling the inventory to business buyers through a B2B overstock auction platform. This format simplifies the process of acquiring stock, and eliminates many problems caused by liquidator involvement.
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…