Online Shoppers Especially Prudent, But At Least They're Buying
Investor's Business Daily - December 24, 2009
Slow sales of big-ticket items are good news for Liquidity Services (LQDT). Companies sell excess inventory through its Liquidation.com in bulk, mostly to small businesses, through auctions. "We know now that consumers are very focused on essential items and are staying away from higher-end discretionary items," Angrick said. "So we have seen an influx of larger-screen LCD TVs, a lot of jewelry accessories, higher-end apparel, high-end fitness equipment and home theater gaming systems. These products are not selling as rapidly as expected and as a result are being pulled from the shelves and sold through our channels."