Liquidation products can come for a number of reasons including:
What is Overstock?
Overstock issues arise from suppliers and retailers who have over ordered products expecting large demand. When that demand isn’t realized (i.e., when people don’t buy the products in quantities like the stores predicted they would) the stores end up with inventory they can’t sell. In these cases they sometimes sell them to an overstock outlet. This is when a liquidation centre like Primary Direct Liquidation Winnipeg steps in and it’s a WIN-WIN. We purchase the overstocked items, and you, the customer picks up things like freezers, couches, tv’s and clothing at bargain prices.
What is Scratch and Dent?
This is exactly like it sounds. Brand new electronics, appliances and furniture may have cosmetic or other damage that prevents them from being sold through regular retail stores.
In many cases the damage is minute but it’s important to check ‘scratch and dent’ merchandise to see if it can be repaired if required or that you can live with the defect. It’s also important to be clear if the item has any form of warranty.
What is a Liquidation Auction?
The term liquidation is used to refer to any rapid conversion of an asset into cash. A liquidation auction can be held by a wholesaler supplier, or manufacturer who has too much stock and is looking to lower their inventory. A business or company who is insolvent and needs to sell off their assets to pay creditors of the company may also call for a liquidation auction. Again, this is where the Winnipeg Primary Direct Liquidation centre steps in to identify good opportunities for products their customers want and the customer gets a real deal.
The variety of products available through overstock, scratch and dent or liquidation auctions is unlimited. From couches and loveseats, to toys, jewelry, computers, fridges, freezers, home decor, lighting, convertible sofas, bedroom furniture, mattresses, clothing, shoes, and more. Whatever product you can purchase through a retail outlet can potentially be purchased through a liquidation center, and the Direct Liquidation outlet in Winnipeg is continually working to find a great variety of products people want for home and office.
What is Factory Recertification?
Factory recertification is necessary for items with slight cosmetic damage, items where the box or packaging was opened or damaged during shipment and items returned to retailers for various other reasons. Retailers also sell demonstration units and overstocked items after factory recertification.
Factory recertified merchandise undergoes more rigorous testing than products bought directly off the assembly line and are usually resold under warranty. Because the product goes under this additional inspection, not only does the consumer receive better quality equipment at a lower price, it comes with a decreased chance of future problems than an item purchased new.
What is a New Appliance?
Brand new name brand items purchased with full warranty sold at a discounted price. These are mainstream products purchased direct from the distributor ready for use.