Over the weekend I was out just like most of you, finishing up the family Christmas shopping. There was a sense of urgency as most were in a hurry to spend their last dollar, or perhaps just get out of each jam-packed store.
While walking the aisles of our local Walmart, I noticed pallets of merchandise strewn throughout the store. This was not new merchandise, but rather items marked for return. As I carefully inspected a few boxes I noticed a lot of merchandise was actually shelf pulled items. I knew this because there several boxes filled with just one or two of an item.
I wondered who, or what business, would wind up purchasing the pallets throughout this store? And, what kind of deal they would receive.
Unless you live under a rock, you know that we are coming up on retails largest consumer merchandise return frenzy. Just after the holidays retailers will brace themselves for an onslaught of people filling customer service lines with one goal in common: returning unwanted items.
Consumers will return billions of dollars of “unthoughtful” gifts this year, and most of the items will end up liquidated by the truckload. This is where you and I come in ready to snatch up name brand merchandise, at unheard of pricing.
I have an acquaintance who for the last six years has been buying truckloads of Walmart wholesale liquidated merchandise to fill his flea market booth. He has built a solid business reselling what others returned back to the retailer. He has told me on several occasions that after Christmas is when he gets his best loads of merchandise, as far as quality. A large portion of the returned items he purchases are new and untouched.
Have you ever noticed pallets of customer returns lined up at your local Walmart? Have you ever thought about who would end up buying this stock?
Maybe it’s time to start your own retail business buying merchandise at rock-bottom pricing..maybe it’s time to buy a few pallets of customer returned items!
Our 2020 Liquidators Guide chronicles 12 years of wholesale product sourcing experience and includes my personal black book of direct source contacts! As an industry expert, I'll share the success I've enjoyed along with the mistakes I've made buying and reselling liquidation merchandise.
If you are thinking about buying pallets of liquidation merchandise from a liquidator, broker, or direct from department stores, you need to check out The Liquidators Guide