Press release from Business Wire
Liquidation.com Gears up for “Restock Tuesday”
Monday, November 22, 2010
WASHINGTON (Business Wire) -- Liquidation.com, the leading online auction marketplace for surplus inventory from top retailers, warehouse clubs and manufacturers, will once again be preparing for Restock Tuesday, one of the site's strongest traffic days, as online and offline retailers flock to the site to restock their shelves following two of the busiest consumer shopping days of the year. In anticipation of a surge in sales, staff is being increased at each of the company's six nationwide warehouse locations, where merchandise is available in various lot sizes to accommodate the needs of the range of merchant types Liquidation.com serves.
For this year's Restock Tuesday, which each year falls on the Tuesday after Thanksgiving, Liquidation.com anticipates closing 20% more auctions than last year, in categories including: clothing and accessories; jewelry; toys; televisions; iPods; consumer electronics; housewares; tools and hardware, and many other types of product.
“The combination of earlier than normal discounting from retailers in an effort to capture early market share, along with indications from consumers that they intend to spend more this year compared to 2009, suggests that retailers may feel pressure to restock inventory immediately following Black Friday and Cyber Monday to prepare for the holiday shopping rush,” said Cayce Roy, executive vice president of Liquidation.com. “Liquidation.com is one of the few places that can meet merchants' inventory needs quickly enough to sell before the end of December.”
Liquidation.com works with seven of the top 10 retailers in the U.S., and helps hundreds of merchants through its selling of surplus, overstock and consumer returned inventory. Auction sizes include truckload, pallet, small package and single-unit, while product conditions range from new to consumer returned and salvage. More than 1.3 million registered buyers source inventory and merchandise from Liquidation.com, with access to inventory in warehouses located in Fullerton, CA; Garland, TX; Plainfield, IN; Bentonville, AR; and Cranbury, NJ.
Liquidation.com is a Liquidity Services Inc. marketplace where professional buyers and end users can source commercial surplus inventory and government surplus assets in an online auction environment. Bulk lots are sold by the truckload, pallet or small package, as well as single unit lots, and conditions range from new in a box to customer returns and used. Its wide variety of product categories includes apparel, computers, electronics, housewares, industrial equipment, vehicles and much more. For more information visit: http://www.liquidation.com.
About Liquidity Services Inc.
Liquidity Services Inc. (NASDAQ:LQDT) and its subsidiaries enable retailers, industrial corporations and government agencies to market and sell surplus assets quickly and conveniently using online marketplaces and value-added services. The company, a member of the S&P SmallCap 600 Index, operates multiple global e-commerce marketplaces for surplus and salvage assets across the retail (Liquidation.com, UK-Liquidation.com), government (GovLiquidation.com, GovDeals.com) and capital assets (NetworkIntl.com, Liquibiz.com) sectors. Liquidity Services is based in Washington, D.C., and has approximately 700 employees. Additional information can be found at: www.liquidityservicesinc.com.
McClain Bell, 202-223-9260