Liquidated Products in Sacramento Liquidation Auctions
There are various merchandise ranges on liquidation from pallets, truckloads, and box loads to direct the liquidation of products. Sacramento liquidation auctions sell three main types of products on liquidation.
- Customer returns
Throughout the year, customers bring back purchases from some of the biggest retailers. This is whether the product was bought online or at the store. There are various reasons customers return the commodities; others may be faulty; others have slight to visible damage. Others are sent back as the customers change their mind regarding a product. Although the product is still new, the store classifies the product as used.
Whatever the reason customers return products to the store, they can quickly pile up, causing many storage problems, especially for major retailers. Such retailers turn to liquidation auctions like Sacramento liquidation auctions to clear the returns from shelves. They can still make some money, although the product selling price is below the MSRP value.
- Overstock
Overstock refers to the merchandise that big retailers, either over-ordered or seasonal, did not sell. Ordering of stocks is not an exact science, and many times retailers are left with a lot of products and limited space. This is especially so for seasonal products; as a season comes to a close, stores are still left with products they don’t need.
Overstock can also refer to older electrical products on the release of newer models. The older models are put to an end in the store, while the remaining stock is sold off to liquidators like Sacramento liquidation actions at discount prices. Overstock is usually new or displays models that are not necessary in the market anymore.
- Closeouts
Closeouts products are from restructured or closing stores. In most cases, the retailers do not have a warehouse or in-store space to keep the products. Therefore, they sell to liquidators like Sacramento liquidation auctions at a discount. Most closeouts are new commodities bought at low wholesale prices.