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Holiday Wrap on Returned Gifts

Jim Rallo- February 18, 2015

At Liquidity Services, we provide surplus asset management, valuation, and sales services for a wide range of industries. Along with the best-in-class services we provide for energy companies, pharmaceutical companies, and more to manage capital assets, we also manage surplus inventory for retailers and manufacturers. Each year, we see a spike in our business, starting on Cyber Monday and continuing after the holidays via through our popular online retail sites; Secondipity.com and Liquidation.com.

Restock Tuesday is historically one of Liquidation.com’s heaviest traffic days with traffic to the site increasing 15-20% on the Tuesday following Cyber Monday. Each year on Restock Tuesday, retailers and e-tailers descend on the site to restock their shelves and websites. Black Friday and Cyber Monday this past holiday season drove crowds topping 86 million to stores and online. Approximately $68 billion in gifts are expected to be returned to warehouses and manufacturers after the holidays, keeping our warehouses busy and brimming with returned gifts.

Our Las Vegas warehouse was in the spotlight with a detailed story on the returns process from the Las Vegas Business Press and TV story features on ABC 8 News Las Vegas and NBC 3 Las Vegas. Our Garland, TX warehouse also received media attention with a story entitled “Unwanted items fuel Garland business” on ABC News Dallas 8. Our Plainfield, IN warehouse was also featured in USA Today with a story, “Where do returned gifts end up? Probably Indiana.”

The holiday season is over, but the deals are not. Retailers are making room for new merchandise and some of the unsold items and returns are making their way to las vegas to be sold in auction via Liquidation.com

At Liquidity Services, our expertise allows us to provide great opportunities for small business buyers to source inventory for their business, as well as to return value to our sellers, which include 7 of the top 10 retailers and many of the top product manufacturers. Our marketplaces - Secondipity.com and Liquidation.com – connect more than 2.6 million registered buyers with product in various conditions and categories – from apparel to home goods to consumer electronics.

Whether you’re a buyer or a seller, if you want to learn more about how you can benefit from our online marketplaces throughout the year, contact us

Jim Rallo, President, Retail Supply Chain Group

Jim Rallo leads Liquidity Services' Retail Supply Chain Group which helps hundreds of the world's top retailers and consumer OEMs unlock strategic value in their reverse supply chain. Jim brings more than nine years of experience at Liquidity Services and over 25 years of professional experience in operations and finance. Mr. Rallo holds an M.B.A. from the Smith School of Business at the University of Maryland and a B.S. from Washington and Lee University.