The post-holiday season is a big deal for liquidations auctions because retailers are offloading all of those wonderful gifts that people have returned. Often there’s nothing wrong with this merchandise other than it was purchased for someone who didn’t want it. Maybe it was too big or too small, the wrong color, the wrong style, or simply a duplicate gift. Whatever the reason, plenty of perfectly good products wind up in liquidation auctions come January. It’s like a whole second holiday season for resellers! Today, we’re focusing on Home Depot returns and what you need to know in order to take advantage and for a good price.
This year, home goods will be one of the hottest returns categories. With so many people spending more time at home due to the pandemic, everyone’s upgrading, updating, and otherwise changing their home spaces. This means after the holiday shopping season is over, we’re likely to see a huge influx of returned home goods. That’s why we predict retailers like The Home Depot are likely to have a boost in liquidation sales.
COVID has completely changed the way Americans (and the rest of the world) prepare for the holiday season. Stores are encouraging social distancing, requiring customers to wear masks, and offering more delivery and pickup options too. Like many retailers, Home Depot is also extending its returns policies for 2020 going into 2021.
Prior to the lockdown, the Home Depot return policy stated that most new and unopened products could be returned to the store within 90 days of purchase. To make the return, you would need to provide ID, a copy of your receipt or shipping confirmation email, and the original method of payment if you paid with a credit or debit card. There were some products that could not be returned, but for the most part, the company is known for making the process simple and efficient.
With the extended returns policy, getting your money back is even easier. You now have 180 days to return items you don’t want. You can also return merchandise with UPS if you don’t want to come into the store for that purpose.
With a relaxed returns policy, it’s likely that Home Depot will be liquidating even more returned merchandise this year than ever before. Fortunately, as a buyer, you can find plenty of Home Depot liquidation auctions on B-Stock’s marketplace.
In general, these auctions fall into one of two categories: DotCom and In-Store. Because online shopping is such a popular option this year, look forward to DotCom auctions making up the majority of returns liquidation auctions come January, and even before. There are now also Turbo DotCom auctions, primarily mail-in returns with retired SKU numbers.
Most Home Depot B-Stock liquidation auctions are sold by the full truckload or LTL (less than truckload). They have four major liquidations locations:
There are quite a few product categories available from Home Depot. You’ll find liquidation auctions including appliances, window blinds, building materials, cleaning supplies, hardware, doors and windows, flooring and shelves, kitchen and bathroom, and so much more. But this year there are a few Home Depot liquidation categories that are likely to be hot sellers and also high volume.
As always, you’re likely to see a good deal of seasonal decor in liquidations after the holidays. These are both returns and overstock items, so be sure to check them out. With everyone stuck inside for so long, furniture and home decor are likely to be hot sellers this season. Likewise, many people are buying home and garden products and storage to help maintain and organize their homes. Finally, smart home products are a big category for the holiday shopping season. We’ve seen them featured heavily on wish lists and liquidation auction manifests too!
It’s easy to see that there will most likely be plenty of liquidation auctions from Home Depot and other home improvement stores early into 2021. Register as a B-Stock Home Depot buyer today and get ready to take advantage of these bulk lots of low-cost merchandise.