Consider this: Americans spent $601.75 billion shopping online with U.S. merchants last year. And a whopping 30% of those purchases will get returned (compared with just 8.9% for in-store purchases). Common reasons online purchases get returned include damage in transit, received the wrong item, the product looked different online, or the item doesn’t fit. So where does all of that returned merchandise go? Unfortunately for retailers most of it cannot be resold on primary shelves, so it gets liquidated. While retailers have always relied on liquidation and wholesale to resell excess inventory and customer returns, the shear rate has skyrocketed, leaving retailers scrambling to keep up. This equals a great opportunity for small businesses looking to buy and resell liquidation pallets.
Buying Liquidation Pallets for Your Business
Due to the volume of customer returns and excess inventory, retailers need new solutions to offload all of this merchandise. While many still use traditional liquidators, others are turning to online B2B marketplaces –– allowing buyers to access their top-quality, brand name goods directly at a fraction of the price. And with a wide range of product conditions, shipment size options, and budgets, there is liquidation inventory available to support every business need.
Fortunately, for you, buying liquidation pallets has never been easier! Through online auction platforms, you’re able to maintain inventory of great products for your customers, get deep discounts on top brands, and increase profits. Gone are the days of shady back door deals with less-than-reputable liquidators. Through online liquidation auctions, you gain direct access to retailers, save time, eliminate the middleman, lower risk, make more money, and have a steady supply of inventory.
How to Buy Liquidation Pallets by Store
Whether you’re looking to source home and garden goods, groceries, health & beauty inventory, consumer electronics, or clothing, you can find it from top retailers and brands. To begin and find the right inventory needs for your business, start by browsing that retailer’s dedicated liquidation marketplace page. Let’s take a closer look.
If you’re looking for a wide variety of inventory for your business, Amazon Liquidation Auctions is a top choice. Registered business buyers can buy liquidation pallets directly from the world’s largest ecommerce company. U.S.-based buyers can bid on full truckloads of overstock home goods, apparel, books, consumer electronics, groceries, footwear, accessories, and more. Once registered and approved by Amazon, start bidding and buying bulk lots of overstock inventory.
If you’re in the home improvement business, you want a reliable source of top-quality merchandise that’s priced low enough to turn a healthy profit. The good news is Lowe’s offers liquidation pallets of home and garden goods, tools, and appliances to support your business. Even better news? A large percentage of this liquidation inventory is actually brand new and fully functional. With so many customer returns coming back to Lowe’s’ network of retail outlets and stores each year, Lowe’s resells this merchandise as quickly as possible to free up valuable shelf space for new products. This is why you’ll find truckloads of top-quality Lowe’s merchandise on their liquidation site Lowe’s Liquidation.
Walmart Liquidation Auctions allows resellers to bid on liquidation pallets of excess inventory, store returns, and refurbished bulk lots directly from Walmart. Typical Walmart liquidation pallet items include TVs, electronics, furniture, bikes, appliances, apparel, and more for a fraction of retail MSRP. Rather than buying from a liquidator or wholesale supplier, save money and increase your profit margin by purchasing pallets directly from Walmart through a verified source. B-Stock connects business buyers to over 65 top retailers and manufacturers. From small lots to full truckloads of merchandise, B-Stock has millions of products for all of your inventory needs.
If you’re looking for current, quality apparel to resell, look no further than liquidation inventory from Macy’s. These auction lots include some customer returns but also seasonal inventory and shelf pulls (merchandise that must be removed from shelves to make room for new inventory). You can either purchase directly from Macy’s through their official liquidation marketplace, or purchase smaller quantities from a wholesaler. Before you can place a bid and buy direct from Macy’s, there is a requirement to note. First, you must register on the official liquidation marketplace and provide your sales tax number from your business resale certificate. After that, you will coordinate directly with a trusted logistics partner to receive the shipment of any lots won.
One of America’s favorite general merchandise retailers also liquidates its customer-returned merchandise. However, Target sticks to returns that are brand new, unopened, slightly damaged, or slightly used. In other words, their condition is on the upper end of the quality chart. Once returns are received, they are packed up on pallets and liquidated – clearing out storage space in their warehouses. To expedite this process, Target (the second largest retailer in the U.S.), partners with reputable liquidation companies like B-Stock. In fact, nine of the top 10 U.S. retailers use B-Stock for their liquidation needs.
To begin bidding and buying liquidation pallets, you must first register on each individual marketplace you’re interested in. Once approved (usually within one business day), you can start sourcing quality, brand-name merchandise direct from retailers. To view inventory and get a look at live auctions happening now, visit B-Stock’s Sourcing page.View Live Auctions