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Consumer behavior is continuing to shift: online spending is rising while brick-and-mortar foot traffic is declining. What’s more, many stores are playing catch-up when it comes to their e-commerce operations or are struggling to compete in a very demanding online environment teeming with competition.
All this is forcing many retailers to close physical stores (we’ve seen some big names in the news lately), leaving them with millions of dollars in excess inventory to sort out behind the scenes. Instead of sending the merchandise to another store or marking individual items for closeout, the majority of it will be slated for liquidation and sold into the secondary market.
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