It all depends on the type of merchandize that was purchased. When merchandise is purchased in this way it is usually not new, but we make sure it is in good condition. That is until it is purchased by closeout companies like ours and then sold to retailers in the secondhand market. Store customers return products for all sorts of reasons when this happens, the item they returned cannot be resold, because it is now marked as secondhand merchandize, what happens with this is that many of the big retailers can only sell new products, and the products returned by the customers get stuck in the warehouse. The Overstock merchandise from the store is usually new, which means that it will be in prime condition. This way, that merchandise is sold to liquidators like us at a remarkably low price. No matter what the circumstances, retailers don’t want this overstock to take up space in their stores. Also when the season changes, all of last season’s merchandise is classified as overstock. When large department stores buy too many quantities of the same goods and don’t sell as they thought. This merchandise is purchased by closeout experts to be sold to second-party resellers. When that happens it’s called a clearance sale. When a store closes or moves to another location, it usually sells all, or most, of its inventory. These are some of the different ways in which merchandise liquidation comes from: Closeouts Regardless of the source, retailers always sell their liquidated stock at less than the MSRP because they need to get rid of it as soon as possible. Wholesale Liquidated goods can come from various retailers in different ways.
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