Consider this: Consumers spent $861.12 billion online with U.S. merchants in 2020. And a whopping 30% of those purchases will get returned (compared with just 8.9% for in-store purchases).
There are a few reasons why online purchases get returned — maybe the item was damaged in transit, looked different online, doesn’t fit, or was sent the wrong item.
But where does all of that returned merchandise go? Unfortunately for retailers most of it cannot be resold on primary shelves, so it gets liquidated. While retailers have always relied on liquidation and wholesale to resell excess inventory and customer returns, the shear rate has skyrocketed, leaving retailers scrambling to keep up. This equals a great opportunity for small businesses looking to buy and resell liquidation pallets. In fact, many resellers are making money from home online this way!
The best part is almost every retailer you know and love liquidates. Meaning, you can find inventory across the broad retail spectrum. From apparel and health & beauty to home & garden and consumer electronics, any consumer product you can find on shelves can ultimately end up on the secondary market. We’re going over how buyers like yourself can buy liquidation pallets by store.
Buying Liquidation Pallets for Your Business
Due to the volume of customer returns and excess inventory, retailers need new solutions to offload all of this merchandise. While many still use traditional liquidators, others are turning to online B2B marketplaces – allowing buyers to access their top-quality, brand name goods directly at a fraction of the price. And with a wide range of product conditions, shipment size options, and budgets, there is liquidation inventory available to support every business need.
What do we mean when we say a wide range of product conditions, you might ask? Well, exactly that. You can source brand new, good/fair, like new, mixed, salvage, grades A-E (for mobile), scratch & dent, refurbished, and just about any other inventory type under the sun!
And fortunately, buying liquidation pallets has never been easier! Through retailers’ official liquidation marketplaces, you’re able to maintain an inventory of great products for your customers, get deep discounts on top brands, and increase profits. Gone are the days of shady back door deals with less-than-reputable liquidators. Through online liquidation auctions, you gain direct access to retailers, save time, eliminate the middleman, lower risk, make more money, and have a steady supply of inventory.
How to Buy Liquidation Pallets by Store
Whether you’re looking to source home and garden goods, furniture, groceries, health & beauty inventory, consumer electronics, cell phones, computers, or clothing, you can find it from top retailers and brands. To begin and find the right inventory needs for your business, start by browsing that retailer’s dedicated liquidation marketplace page. Let’s take a closer look.
If you’re looking for a wide variety of inventory for your business, Amazon returns pallets are a top choice. Registered business buyers can buy liquidation pallets directly from the world’s largest e-commerce company on Amazon Liquidation Auctions. U.S.-based buyers can bid on full truckloads of overstock home goods, apparel, books, consumer electronics, groceries, footwear, accessories, and more. Once registered and approved by Amazon, start bidding and buying bulk lots of overstock inventory with auctions available in over 50 locations.
If you’re in the home improvement business, you want a reliable source of top-quality merchandise that’s priced low enough to turn a healthy profit. The good news is Lowe’s offers liquidation pallets of home and garden goods, tools, and appliances to support your business. Even better news? A large percentage of this liquidation inventory is actually brand new and fully functional. With so many customer returns coming back to Lowe’s’ network of retail outlets and stores each year, Lowe’s resells this merchandise as quickly as possible to free up valuable shelf space for new products. This is why you’ll find truckloads of top-quality Lowe’s merchandise on their liquidation site Lowe’s Liquidation.
Walmart Liquidation Auctions allows resellers to bid on liquidation pallets of excess inventory, store returns, and refurbished bulk lots directly from Walmart. Typical Walmart liquidation pallet items include TVs, electronics, home & garden, furniture, bikes and ride ons, appliances, apparel, and more for a fraction of retail MSRP. Rather than buying from a liquidator or wholesale supplier, save money and increase your profit margin by purchasing pallets directly from Walmart through a verified source. B-Stock connects business buyers to over 65 top retailers and manufacturers. From small lots to full truckloads of merchandise, B-Stock has millions of products for all of your inventory needs.
One of America’s favorite general merchandise retailers also liquidates its customer-returned merchandise. However, Target sticks to returns that are brand new, unopened, slightly damaged, or slightly used. In other words, their condition is on the upper end of the quality chart. Once returns are received, they are packed up on pallets and liquidated – clearing out storage space in their warehouses. To expedite this process, Target (the second-largest retailer in the U.S.), partners with reputable liquidation companies like B-Stock. In fact, nine of the top 10 U.S. retailers use B-Stock for their liquidation needs.
Target pallets include liquidation home & garden inventory like bath, kitchen, and furniture, as well as apparel, cosmetics, baby products, small appliances, sporting goods, and consumer electronics. Register for Target Auction Liquidations to snag this inventory and more!
Best Buy Pallets
When you buy Best Buy pallets you’re buying trusted name brands such as LG, GE, Samsung, Shark, and Whirlpool. The products most commonly liquidated from Best Buy are both large and small appliances. You’ll find kitchen appliances such as refrigerators, microwave ovens, ranges, and dishwashers. Laundry appliances like washers and dryers are very popular too. There are also typically lots featuring mixed appliances or even just mixed small appliances like vacuums and air conditioners. Get bulk lots of new condition and returned appliances from Best Buy Liquidation Auctions!
GameStop is a top-tier source for video games, consumer electronics, and other gaming merchandise that shoppers love. Well on their official B2B auction marketplace, GameStop Wholesale, buyers can register to bid on pallets and truckloads of customer returns, salvaged, overstock and trade-in wearables. We’re talking Samsung Galaxy smartphones, tablets, watches and wearables, Apple iPhones and iPads, and more!
Wayfair revolutionized e-commerce furniture and home good buying. Now, you can source and bid now on customer-returned and open-box products across categories including home furnishings, furniture, decor, lighting, and rugs from 5,000 brands on Wayfair Liquidation Auctions. The best part about furniture liquidation is that you can bank on quite a bit of inventory being in near-perfect condition! The most common reasons furniture gets returned are due to wrong measurements, color, or even just a few scratches. Plus, shoppers will always need furnishing! Between moving, new apartments, and home renovations, there is always a reason to shop for furniture and home goods.
Benefits of Buying Liquidation Pallets
So you know how the process looked then and how it looks now. As well as how to buy liquidation pallets by store. If you’re still not convinced, here is a recap of some of the top benefits of buying liquidation pallets:
Trusted & reliable source of inventory – no more dealing with middlemen and high markups.
Bulk buying options – so you can scale your business quickly and for less cost!
It’s cheaper than manufacturing your own products and less cumbersome than white labeling products.
When you use an online auction site, competitive bidding means you only pay what you want for items.
To begin bidding and buying liquidation pallets, you must first register on each individual marketplace you’re interested in and provide your sales tax number from your business resale certificate. Once approved (usually within one business day), you can start sourcing quality, brand-name merchandise direct from retailers. After that, you will coordinate directly with a trusted logistics partner to receive the shipment of any lots won.
What are you waiting for? View inventory and get a look at live B-Stock auctions happening now.