| Do you really understand what retail returns are? | | | | business. |
| Unless you know what they are, where they come | | | | So, they decide to move those items out. Generally |
| from, and how you can get your hands on them, you | | | | this means they will box up pallets of returned item and |
| can't even begin to fathom how you can make money | | | | sell them off as one large lot of liquidation items. |
| from them. | | | | Why Retail Returns Are Good For Your Business |
| Retail Returns Defined | | | | If a retailer is moving out a lot of the kinds of items |
| Let's start by looking at just what retail returns are. | | | | that you usually would sell in your store, you may be |
| These are items that were bought through a store | | | | able to do a great deal of profiting from the items they |
| (either bricks and mortar or online) and then were | | | | are selling. You see, liquidation lots of retail returns are |
| returned to a retailer by the buyer. It could be the | | | | sold at much lower than the wholesale price would be |
| purchaser did not like something in particular about the | | | | on the same items. Often you can get them even |
| item such as the color, fit, shape, etc or that there was | | | | 50% cheaper than the wholesale price. If they are in |
| a problem with the item such as it would not work or | | | | great condition, you can stand to make a massive |
| had a cosmetic flaw. | | | | profit. |
| As soon as an item was purchased from a retailer it | | | | It is important to keep in mind that liquidation items may |
| moved from new to used status. That means the | | | | not all be perfectly good items. There is always going |
| stores cannot resell the item as new. | | | | to be a certain percentage of waste included in the |
| Where Do Retail Returns Go? | | | | liquidation lots, items that you will not be able to sell and |
| Most retail returns head out from the return bins at the | | | | will be able to do nothing but give away or throw |
| store back to a warehouse for the company. As the | | | | away. Expect this, but choose your liquidation sources |
| returns stack up, the company wants to get them out | | | | carefully, as all companies have different percentages |
| of the warehouse because they are doing nothing but | | | | of 'waste' they allow to go into their liquidation lots. |
| taking up space, which is money in the warehouse | | | | |