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Walgreens Boots Alliance Inc. is rolling out Walgreens Liquidation Auctions, an online portal through which business customers can bid on excess consumer packaged goods and other merchandise from Walgreens, including home decor, laundry products, small appliances, cosmetics and apparel.
B-Stock Solutions is hosting the platform, enabling wholesale buyers to bid on truckload and less-than-truckload quantities of goods. Walgreens will ship the procured goods from one of its 15 fulfillment centers in the country, reports said, noting that B-Stock is hosting a slew of other B2B eMarketplaces from retail giants, including Amazon. The solution enables retailers to cut losses on unsold stock while also freeing up inventory to accelerate product turnover, particularly for items that have been returned and cannot be re-sold.
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