We live in a throwaway society where defective products are replaced rather than repaired, and perfectly serviceable items are disposed of simply because a later version is available. This attitude has created a significant amount of waste over the years, much of which has ended up in landfills while consuming finite natural resources.
Practices are now changing, however, with concerns over the environment and new regulations being introduced to prevent excessive waste. And the merchandise liquidation industry is helping this trend by recycling obsolete inventory that might otherwise be scrapped.
Liquidating Retailers' Surplus Inventory
Retailers may have excess inventory for a variety of reasons:
- It may be returned by customers and cannot be sold as new products, even though it may be unused and in pristine condition.
- Products may be slow to sell and are taking up valuable shelf and warehouse space that can be better used.
- Discontinued lines may be superseded by newer models that are more popular with customers.
- Seasonal inventory will no longer be needed when the season ends, and new season stock is required in its place.
- Company or branch closures will require that unsold inventory items be cleared.
In all cases, it is uneconomic to continue to store the inventory since storage costs money and there is no real prospect of a quick return on the investment. The only practical solution, therefore, is to clear the inventory to make way for other products that will sell quicker.
Companies can simply dispose of the inventory, but that means making a significant financial loss on the initial cost. The better alternative, and one that is increasingly used by major retailers, is to sell off the inventory at reduced prices, and so at least gain some income from it. This is particularly important in the case of company closures when cash needs to be raised to pay creditors.
How Liquidators Help in the Process
Retailers generally want to remove excess inventory quickly, and so it isn't in their interests to try to do it themselves. Instead, they use specialist merchandise liquidators, such as Quicklotz, to do it on their behalf.
We work with many well-known retailers and can offer top-brand products at rock-bottom prices. Available inventory is advertised on our website, on social media, and other channels, so that smaller retailers can take advantage of the bargains on offer.
All products are sold by the pallet load, with clear images and comprehensive descriptions that show product features as well as the condition of the items. This transparency, combined with unbeatable low prices, means products are sold quickly, which benefits the original retailer as well as the reseller who has products to sell at competitive prices.
The Economic and Environmental Benefits of Merchandise Liquidation
The many benefits that merchandise liquidation has to offer are the reasons for its growing popularity. These benefits include:
- A reduction in items going to landfill, which can take many years to decompose and can release harmful emissions as they do so. The incineration of unwanted products is also reduced, which further lessens harmful emissions and pollution.
- The need to manufacture new products is reduced, so there is less use of finite natural resources and less environmental impact caused by the manufacturing process.
- Disposing retailers will gain income that is not available when sending products as waste, and will reduce disposal costs.
- Resellers have a valuable source of inventory that enables them to establish, expand, and diversify their retail operation.
- Support is provided for smaller businesses that can trade in markets that were previously unattainable.
- Customers have access to products they could not normally afford and can buy quality items without exceeding their budget. This applies particularly to clothing, where high-quality fashion items are available at greatly reduced prices.
How Quicklotz Helps the Process
Manufacturing is responsible for a lot of pollution in the world, while retail has historically produced plenty of waste materials. Fashion waste, for example, is a particular problem with millions of garments being disposed of each year. As a merchandise liquidator, we are able to tackle both of these problems by ensuring that excess inventory is not wasted.
Rather than the old-fashioned model of buying, using and discarding, we are supporting a more circular economy where surplus items are resold or reused. Even customer returns that are deficient in some way can be re-purposed or used for spare parts, so little needs to be wasted.
By buying surplus inventory from us, you can make your business more successful and profitable while also doing your bit for the planet. Contact us if you need advice on building your business and creating a sustainable future.
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