Introduction
In January 2021, apparel, cell phones, electronics and toys were just some of the categories that saw increases vs the monthly average for the year. While we can’t predict which categories will see more auctions or the exact timeframe they will be listed, we expect a similar trend this January.
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The National Retail Federation predicts retail sales will be up 8.5% – 10.5% from last year totaling between $843.4 billion and $859 billion!
According to Forbes, “Retail sales, excluding food services, through the first six months of the year stand at $3.2 trillion, 22.2% higher than $2.6 trillion in the same period 2020.”
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Home & Garden items make for popular gifts during the holidays. This also means they’re on the roster to be returned or exchanged in the new year. You can often find lawnmowers or power tools that are being liquidated at 10-15% of retail!
Top mobile brands like iPhone, Android, and Google flood the secondary market as more and more consumers upgrade or trade-in their cell phones after the holidays.
With resale expected to grow 11x times faster than the broader retail clothing sector by 2025, resellers can purchase department store’s overstock and returns on B-Stock apparel marketplaces.
New year, new tech. Roughly 20% of consumer electronics purchases are returned to the retailer or manufacturer due to various reasons like complexity or lack of problem solving.
80% of appliance purchases are replacement purchases. Appliance resellers can source scratch & dent and overstock appliances to meet those needs.
Mixed lots can be the perfect way to source products of multiple categories in one auction! You can also cut down on shipping costs when compared to purchasing multiple auctions for the same type of inventory.
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