Liquidation.com Gears up for Record "Restock Tuesday"
Annual Event Where Retailers Restock Inventory Following Busiest Shopping Days of the Year
WASHINGTON--(BUSINESS WIRE)-- With record shopping expected on Black Friday, Small Business Saturday and Cyber Monday, Liquidation.com -- the largest online auction marketplace for returned and overstock merchandise from seven of the top 10 U.S. retailers -- is prepping for Restock Tuesday, the annual day on which small-business retailers and e-tailers descend on the website to restock their shelves and websites following the busiest shopping days of the year. Liquidation.com lets retailers choose from a wide range of categories, including hot holiday items like consumer electronics, apparel, jewelry, toys, tools and home goods. Depending on the type of product and each merchant's quantity needs, merchandise is conveniently available by the truckload, pallet, or in single-unit quantities.
Restock Tuesday, which falls on the Tuesday after Thanksgiving, is traditionally one of Liquidation.com's busiest days, with website traffic typically increasing by 15-20%. To prepare for the inventory needs of its customers, the company expects its auction count to increase by 20% and will be hiring additional team members in its four warehouse centers across the United States.
"We are seeing a trend of more retailers opening their doors even earlier this holiday season to satisfy consumer and industry expectations," said Cayce Roy, President of Liquidity Services' Retail Supply Chain Group. "When you combine that with the overall projected 4.1% increase in holiday sales, we are expecting record numbers of retailers and e-tailers to be restocking their inventory immediately following the Thanksgiving shopping weekend to prepare for the December rush. As the leading business to business channel for the sale of surplus inventory, Liquidation.com is best positioned to quickly, effectively and conveniently satisfy any retailer's inventory needs to ensure their shelves or websites are stocked with all the hot items needed for a successful holiday season."
Liquidation.com supports retailers of all sizes as it works with the largest and broadest range of retailers in the U.S. selling surplus, overstock and consumer-returned inventory to other retailers in need of similar products. Auction sizes include truckload, pallet, small package and single-unit, while product conditions range from new to consumer returned and salvage. More than two million registered buyers source inventory and merchandise from Liquidation.com, with access to inventory in warehouses located in Garland, TX; Plainfield, IN; Cranbury, NJ; and Las Vegas, NV.
Liquidation.com is a Liquidity Services Inc. marketplace where professional buyers and end users can source commercial surplus inventory in an online auction environment. Bulk lots are sold by the truckload, pallet or small package, as well as in single unit lots, and conditions range from new in box to customer returns and used. Its wide variety of product categories includes apparel, computers, electronics, housewares, tools, jewelry, general merchandise and much more.
About Liquidity Services Inc.
Liquidity Services, Inc. (NAS: LQDT) provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of more than $3.0 billion of surplus, returned and end-of-life assets, in more than 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has approximately 1,300 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Liquidity Services, Inc.
Melissa Gieringer, Public Relations
KEYWORDS: United States North America District of Columbia
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