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When browsing, bidding, or buying liquidated consumer electronics inventory, you may see merchandise described in terms such as overstock, shelf pulls or refurbished. So, what exactly does that mean? While each retailer will use these terms a little differently and vary slightly on their definitions, we’d like to focus on some of the more common condition descriptions you will see used across our network of consumer electronics marketplaces.
This refers to brand new product in pristine condition. These are typically goods that have never been purchased by a customer. Inventory could be excess stock from shelves and/or warehouses or unused and recently discontinued. Cartons should be factory sealed and equivalent to brand new merchandise. This inventory is typically sold with a full manufacturer’s warranty.
This merchandise can be unsold merchandise which is in ‘like new’ condition and has never been used. However, boxes may have sorting labels applied to them for processing and items may have minor damage and/or wear and tear from handling. These items are more likely to have original packaging and tags, though in some cases may also have return labels. Product is typically sold with full manufacturer’s warranty.
Merchandise that potentially was used for demo purposes or removed from store shelves. Product will be unused but might have minor cosmetic issues and boxes may have minor damage. Product is typically sold with full manufacturer’s warranty.
These products have been tested, restored and verified in full working condition. Refurbished items may or may not include manuals, components, original accessories, and original packaging. This merchandise may also have cosmetic issues. Refurbished products are typically sold with a warranty that is less than the original.
This is merchandise that was returned by a customer for a variety of reasons. It can be a mix of brand-new or damaged product that may include its original packaging. Customer returns may possess noticeable cosmetic blemishes; additionally, items may or may not be fully functional. Customer returned merchandise may be damaged, missing parts, or otherwise inadequate quality, and is sold ‘as is’ and without warranty.
This refers to merchandise that is defective or heavily used. Items may be missing parts, manuals, accessories or packaging. This includes damaged items that may not be functional. Items will likely have significant cracks, scuffs, and dents. Generally, this inventory has been completely written off by the retailer as beyond repairable. Salvage merchandise is best used for harvesting parts which makes it perfect for refurbishers.
Keep in mind, because each retailer has its own marketplace, condition descriptions will differ. It’s ultimately up to you, as a buyer, to read and understand each marketplace’s own set of conditions, which can be found on each marketplace.
To learn more about sourcing liquidation consumer electronics, be sure to read A Guide to Buying Liquidation Consumer Electronics. And check out all of B-Stock’s consumer electronics marketplaces to start sourcing today!