Inside Liquidity Companies’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. As an alternative, they’re stacked with returns from Amazon, Goal, Sony, Dwelling Depot, Wayfair and extra, all within the means of being liquidated.
“Liquidators are coming in and so they’re shopping for up all of this product in bulk. They’re then packaging it, palletizing it and reselling it, both to be resold on a web site like eBay or Poshmark, and even to particular person shoppers. So it’s become a a lot larger portion of the business than we’ve ever seen earlier than,” mentioned Sonia Lapinsky of consulting group AlixPartners.
The liquidation market has greater than doubled since 2008, reaching a whopping $644 billion in 2020, in line with information from Colorado State College.
Click on to learn the total CNBC article>>
