Wholesale merchandise USA National Wholesale Overstock, Inventory Liquidator, We Buy and Sell Toys, Housewares, Gifts, Home Decor, Novelties, School Supplies, Juvenile Products, Party Goods and Furniture
Having been in the closeout business as long as I have, I know as well as anyone the benefits of keeping a clean and efficiently run warehouse. But the truth is, this is a surprisingly difficult goal to achieve on a regular basis – even for us “professionals” who are supposed to know better. Nobody likes the idea of having to liquidate inventory below cost to a wholesale closeout buyer. We think we will eventually magically sell our excess merchandise by luck, accident or good fortune. I’m here to tell you it takes a lot of work to get rid of old merchandise. Selling the good stuff is easy because it sort of sells itself. It’s the obsolete and slow moving products that can suck the life out of you.
Old merchandise that has stopped selling is a silent killer. Overstock inventory sitting on racks or taking up valuable warehouse space tends to be out of sight, out of mind. If it isn’t in your face every day you may not be reminded how costly it is to keep. But old merchandise takes up space that can otherwise be used to store new products that will turn faster and generate profits.
PROMOTE:
Promote the heck out of discontinued and overstock products. One of the reasons dead inventory is dead is because we have decided its dead. What would happen if you started paying attention to, and promoting these items to both existing and new accounts. Maybe if we cared enough about our old products to start pushing them again we would find they start selling. The next time you feel the need to get rid of old merchandise, try getting excited about it instead.
DISCOUNT:
There is an old saying: “An old item at a new price is a new item”. This is true and can be the easiest wholesale overstock situation to correct because a simple price change might make all the difference. I remember many years ago we bought a large closeout inventory of sneakers and hi tops. Sales were slow from the beginning, and we tried disposing of them to wholesale liquidators as well as other inventory closeout buyers. We had all the sizes, colors and styles but just couldn’t get the darned things to move. Just before one of our ASD Market Week shows in Las Vegas, we reduced our price and they immediately began selling. In fact, they sold so well we ran out of them and couldn’t fill all the orders. Even months later we were getting re-orders we couldn’t fill because the entire inventory had already been liquidated at a lower price.
BUNDLE:
Sometimes when a specific product, or group of products, stops selling we can group it together with other items that are selling well. As an example, if you have notebooks, calculators and binders that sell well, but you have pencils you can’t get rid of, consider making a package of all these items and selling them together as one bundle. You may find it’s a great way to reduce your inventory and get rid of all the pencils at the same time! Keep in mind this works with any category so it doesn’t matter if you have closeout pet products, overstock sporting goods, excess house wares inventory, of if you need to liquidate a large inventory of anything else.
DONATE:
If promoting your inventory, reducing prices and bundling products together doesn’t help you reduce you overstock and liquidate merchandise, you can always donate merchandise. In most cases it won’t matter if you are a C corp or an S corp; either way you will get a tax deduction. Occasionally we get stuck with inventory we just can’t seem to get rid of no matter what we do. In these cases, it is better to take the tax deduction than let obsolete inventory take up valuable warehouse space
contact us
Merchandise USA
1415 Redeker Road
Des Plaines, IL 60016
Phone (888) 757-0060
Fax (224) 214-0510
