Liquidation is the process of selling off a company's inventory, often at a significant discount, to quickly convert assets into cash. This inventory can include overstock, returned items, shelf pulls, and other types of unsold merchandise. The liquidation process can be applied to entire businesses that are closing down, or it can be a regular practice for companies looking to manage their inventory levels efficiently.

Many major retailers participate in the liquidation process through various sources. How does this benefit you? You can purchase items for a fraction of the retail price!!!

Companies liquidate products for various reasons, often to optimize their inventory management and financial health. Here are some common reasons:

-Overstock
-Customer Returns
-Seasonal Inventory
-Shelf Pulls
-Discontinued Products
-End of Life Cycle
-Damaged Packaging
-Bankruptcy or Business Closure
-Manufacturing Defects

Many major retailers require removal of original labels (delabeling), removal of original box (unless required to hold item together), and strike through of UPC and/or Brand logo on the product and/or box (demarcation). Items may or may not come with original box and/or tags dependent on the retailers requirements.

The product quality of these items are new; however demarcation specifically may sometimes be noticeable. Demarcation does not impact fit, form or function. Where Demarcation is visible, we will include a picture as an example of what to expect.

New overstocks, also often referred to as Closeouts, tend to be goods which typically have never been merchandised or exposed for sale in a retail store. Such goods can materialize from importers, manufacturers or distributors who are closing down or simply have excess goods in their warehouse that they need to move.

New Overstock items typically have the following characteristics:

-Items are typically 100% retail-ready and in new condition
-No additional retail/discount or warehouse labels/tags on the items
-Items are typically in their original factory case but occasionally can also be loose-packed
-Packaging and item tend to be in good condition with no excessive signs of handling

Shelf pulls are typically overstocked goods that have been displayed for sale in a store or online but have never been purchased by a customer.

Shelf pulls will typically be in good selling condition and may have some or all of the following characteristics:

-End of season & seasonal goods
-Discontinued goods
-Items may still have their original retail pricing stickers/tags on them
-Some Items may have additional retail discount tags on them
-Packaging or item may show signs of handling
-Exterior packaging is often in less than perfect condition
-May be defaced/de-labeled (inner labels or tags removed to prevent return to the original store)
-Some items may still have retail security sensors attached
-A percentage of the items may be out of box or in open boxes
-A percentage of the items may be in-store display units or samples
-Short-dated or expired goods may be found in some lots

Customer returns are products returned by buyers for various reasons, such as defects, dissatisfaction, or simply a change of mind. Hey, we have all done it :)

Returned items, especially if opened or slightly used, are often not resold at full price. Liquidating these products allows the original retailers to recover some of the costs.

Occasionally we offer items that need to go through a testing process where a complete factory reset of the item was required to get it back to its original condition. On rare occasion, we may have had to replace a component to ensure it is functioning properly.

These items may be a mix of overstocks, shelf pulls and customer returns and are typically higher end, more expensive units. Think storage drive, electronics, etc.

Refurbished items may have the following characteristics:
-Typically but not necessarily in original box
-May or may not contain all needed items/components (remotes, cables, manuals, etc.)
-Most or all functions work and item can be categorized as functional for resale purposes
-Item may show signs of handling and usage
-Items may have additional labels, price tags and/or internal identification labels or stickers

The key here is we will tell you it is "Refurbished" and be transparent with everything we know, if anything is missing and any other special notes that are necessary to help you make an informed decision.

MISCONCEPTION #1: All Liquidation Goods Are Damaged or Defective
REALITY #1: While some liquidation items may be damaged or defective, many are in new or like-new condition. Liquidation can include overstock, shelf pulls, or returns that are perfectly functional.

MISCONCEPTION #2: Liquidation Merchandise Is Low Quality
REALITY #2: Liquidation items often come from reputable brands and retailers. The quality can vary, but many products are high-quality goods that didn’t sell for various reasons.

MICONCEPTION #3: Liquidation Is the Same as Clearance
REALITY #3: Clearance items are sold directly by the retailer at reduced prices, often to make room for new inventory. Liquidation involves selling unsold or returned merchandise to third parties who then resell it.