Where To Buy Closeout Merchandise
A closeout or clearance sale (closing down sale in the United Kingdom) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale), over-ordering, or especially because of bankruptcy. In the latter case, it is usually known as a going-out-of-business sale or liquidation sale, and is part of the process of liquidation. A hail sale is a closeout at a car dealership after hail damage.
where to buy closeout merchandise
A closeout store is a retailer specializing in buying closeout items wholesale from others and selling them at low prices. Big Lots is a well-known closeout retail chain in the United States, but other stores such as TJ Maxx, Ross Dress For Less, Marshalls, and Value City are also common, specializing more in clothing and housewares.
Some clearance merchandise is non-returnable at some stores, as the intent is of course to get rid of the items. This is especially the case with liquidation and store-closing sales. However, in many jurisdictions such as the United Kingdom and the European Union, consumers retain their usual rights during a sale, such as the right to return faulty goods (under the Sale of Goods Act 1979 in the UK and Directive (EU) 2019/771 in the EU) and the right to return goods granted by the Distance Selling Regulations in the UK and Directive 2011/83/EU in the EU.
Rather than storing merchandise until the following year, almost every U.S. store also has clearance sales around national holidays, sometimes starting even before the holiday (especially at Christmas and Halloween). Early discounts are often around 25%, but can be as much as 50%, particularly if prices were increased before the holiday. 50% is common just after the holiday, often followed by 75%, and sometimes even 90%. These may be advertised as "everything Santa Claus forgot." Particularly in Canada and the United Kingdom, Boxing Day sales draw large crowds of shoppers seeking after-Christmas deals.
Some stores do pack up holiday merchandise after going 50% off for a week or so, but often fail to remove the items from shelves before going back to regular price, especially if the items are non-perishable. Some wholesalers sell items on "sale or return", whereby retailers can return unsold items to the wholesaler and be credited a proportion of the cost. The wholesaler can then resell the items to a closeout store at a discount.
Some customers take note of when specific retailers normally mark down merchandise further, showing up at the store on the very first day for the best selection. Seasonal merchandise (such as winter clothing or summer patio furniture) is also put on clearance to make space for new seasonal stock.
There are also issues where liquidators may force merchandise from another store or even a mail-order retailer onto the store floor, which was never sold by that store originally. Many sales coordinated with outside liquidators can start with store inventory marked up to the full list price rather than the retailer's regular price, thus asserting a false 'bargain' to the customer. Often, certain inventory which would be considered a true bargain in a closeout such as video game consoles, games and first-party accessories are contractually disallowed from any sort of closeout discount by manufacturers, and are often taken back for sale elsewhere at their intended prices.
Some thrift stores have "rolling" closeouts. In this case, all merchandise put out in a given week is given a colored tag, or a letter to indicate what color if the item is directly marked with a grease pencil. During the last week before the color is used again, everything marked in that color is discounted, usually by 50%. At the end of the week, all remaining item with that tag color are removed from the shelves. There are typically four colors, so that all merchandise is rotated every month or so. Some independent stores use similar systems.
Clearance sales typically occur on marked racks in brick-and-mortar stores. Stores typically place merchandise on a "clearance rack" and periodically reduce the price until someone buys it, as in a Dutch auction. This process has been replicated on the internet. The defunct drop.com (not to be confused with the current retailer of the same name and domain) was the first clearance website to mimic a retail store clearance rack by allowing sellers to automatically mark down their items to a pool of consumers.
Wholesale liquidators are suppliers who have large amounts of surplus wholesale merchandise. Many quality liquidators work with name brand retailers to purchase their extra inventory at low rates. This extra merchandise can be from customer returns, seasonal changes, overstocks, or imperfect qualities. Liquidators handle the items major retailers no longer wish to sell.
Liquidators purchase this excess inventory in very large quantities. These companies typically have warehouses to accommodate many pallets and truckloads or products. Retailers then buy these pallets and truckloads of merchandise at rates well below regular wholesale.
The quality of products can range from brand-new to like-new, returns, all the way to salvaged merchandise. Returns and salvaged merchandise can offer small businesses the best value and largest margins if you can put more effort into repairing and repackaging products. Brand-new products and like-new products are a perfect fit for sellers who want their merchandise to be retail ready with little to no effort.
Closeout suppliers are very similar to liquidation suppliers. They have a limited and large amount of a particular product they are looking to sell at a highly discounted rate. Similar to liquidators, closeout merchandise is usually overstock or out-of-season merchandise.
Closeout and liquidation suppliers are a critical resource for small retailers. Having competitive prices is crucial to your business. Sourcing from closeouts and liquidations allows you to purchase in-demand goods at rates way below regular wholesale, which you can then resell at price points below your competitors, without sacrificing your profit margins.
Also known as All Star Wholesalers, this supplier offers wholesale lots, surplus merchandise, warehouse overstocks, customer returns, closeouts, shelf pulls, and excess inventory. With a huge variety of pallets to choose from, along with an assortment of case boxed goods to choose from, there is something for everyone. Feel free to take a look at some of the products they sell on their website, or stop in and see the items at their warehouse located in Tazewell, Tennessee.
Bargain Max offers great deals on name brand inventory such as clothing, tools, home decor, toys, sports stuff, and more. They get closeouts and surplus from other companies that close down and sell them out at below wholesale prices.
This B2B company specializes in low-cost, high return retail products to resellers of all sizes and experience levels. All the items listed on their website are located in their distribution center in Springfield, Illinois. Here, you can shop from closeouts, overstocks, returns, inventory buy-outs, and going out of business acquisitions.
H & J Liquidators and Closeouts, Inc. specializes in providing high-quality merchandise at prices often unheard of in the closeout industry. With 30 years of experience, retailers can choose from a large selection of merchandise for prices that start at under five cents. Serving almost the entire wholesale and retail community, all of their merchandise is on-site and ships from Des Plaines, Illinois. Some of the categories you can shop from include apparel, home decor, fashion accessories, party supplies, dollar store, and more.
For over 35 years, Merchandise USA has been a closeout and excess inventory liquidator. All available at unbelievably low prices, you can shop from closeout products in categories such as fashion accessories, toys, housewares, books, crafts, and more. As one of the largest wholesale liquidators in the country, there is a reason why so many retailers rely on them to get bargain merchandise to resell.
Specializing in consumer goods, food, health and beauty, paper goods, apparel, cosmetics, and more, Source Trading International is a full house liquidator. Located in Georgia, this is where retailers can find really great bargains on merchandise.
Making their debut in 2022, this family owned business specializes in liquidation merchandise. They offer a variety of closeout products in categories such as health and beauty, furniture, fashion accessories, apparel, and more. Via Trading caters to businesses large and small, no matter how much experience you have.
Here at All Star Wholesalers, we have wholesale lots, surplus merchandise, warehouse overstocks, salvage merchandise, store liquidations, shelf pulls, store closeouts, wholesale pallets, excess inventory and truckloads of merchandise. We offer goods from more than 18 different store chains and catalogs.
Your direct reclamation grocery source for banana box food & groceries, health & beauty, general merchandise, candy & coffee. We also handle close and short dated case lot. We sell by the pallet, half truck and full truck. FOB points include: MN,IN,MO,FL,GA,CA, & OR.
We specialize in "out of business" sales from top retailers, local retailers, & 3rd party warehouses. We buy products from liquidations, closeouts, overstocks, and shelf-pulls. We will purchase by the truckload, container, pallet, or single item.
Wizebuyz is a closeout supplier of truckloads and pallets of merchandise. We offer great prices on large lots of candy. food, mixed lots, general merchandise, health and beauty and more. Truckloads from Walmart and other chain stores. Check back daily for the latest deals!
NexDeal Dist Inc. is a leading wholesaler and distributor of the finest consumer electronics, video games/consoles, toys and general merchandise. We have a wealth of experience and knowledge within these industries that we pass on to you. We are very well known for honesty & good customer service. 041b061a72