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Closeout/Liquidator Suppliers within SaleHoo
A closeout sale is when retailers heavily discount all remaining stock in order to shift it before the new season begins. A liquidation sale is generally held in order to convert assets and securities into cash for the purpose of paying off debts when a company dissolves. Some companies also hold liquidation sales when they are moving to a new location as it is sometimes more efficient that moving stock.
In both Closeout and Liquidation sales the goal is to dispose of stock quickly rather than make a profit, thus this is a great opportunity to get extremely cheap stock. On the downside, you will usually have to buy in pallet quantities and these can include returns and damaged items. Also, if the store is selling the items off cheaply because they have been unable to sell them, then you may find you have a whole lot of stock on your hands nobody wants to buy!
When buying Closeout or Liquidation, it is important to find out the reasons for the sale and check whether the content of the pallets are likely to contain broken or damaged items.
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