Liquidity Services Expands Footprint with New Distribution Center in Pennsylvania

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[{"type":"text","content":"New Location to Deliver Shipping Efficiencies and Environmental Impact for Retail Industry Clients and Buyer Customers\n\n\nPITTSTON, Pa., Nov. 4, 2021 /PRNewswire/ -- Liquidity Services, (Nasdaq: LQDT), operator of the world's largest B2B e-commerce marketplace for retail, industrial and government surplus, today announced its northeast expansion with the opening of a new 100,000 square foot warehouse in Northern Pennsylvania for its Retail segment. With a significant base of retail and e-commerce clients, as well as buyers in the region, this new location offers customers improved shipping cycles, lower freight costs, and an option for onsite pickups. These benefits make Liquidity Services' supply of used, returned and excess inventory available in more cost-effective ways for Northeast buyers.\n\n \n \n \n \n \n \n\n \n\"E-commerce is experiencing massive growth in the retail sector. We're seeing parallel growth in the secondary market. Expanding our footprint to accommodate the growing number of returns and unsold items is a natural extension of our e-commerce marketplace and logistics infrastructure. This new location allows us to best serve buyers and sellers in the Northeast,\" said Bill Angrick, Co-Founder, CEO and Chairman of Liquidity Services. \"We chose this location to better serve several large omni-channel retailers and growing e-commerce brands who are operating fulfillment and return centers in the immediate area and larger Northeast corridor.\"\nThe current delays and high costs in shipping, both globally and domestically, have significantly impacted manufacturers and retailers. Liquidity Services expects to see as much as a 75% reduction in shipping costs for both inbound sellers and outbound buyers in the Northeast region by operating this new distribution center. Previously, the closest company facility to the region was in Indiana. \n\"Over time, the product mix flowing through this new distribution center will resemble the broad mix of items we have on our Liquidation.com marketplace,\" said Jeff Rechtzigel, Vice President of Retail at Liquidity Services. \"We receive inventory from major retailers on the east coast ranging from tools and hardware to lighting, appliances, furniture, home décor, housewares and more. This new location allows us to reduce our carbon footprint in a number of ways - from shippi...

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