Business
Liquidity Services Relocates and Expands Its Indianapolis Operation
New facility highlights circular economy benefits, solution to retail waste, and local economic impact BROWNSBURG, Ind., July 30, 2024 (GLOBE NEWSWIRE) --
About this update from Liquidity Services, Inc.
[{"type":"text","content":"New facility highlights circular economy benefits, solution to retail waste, and local economic impact\nBROWNSBURG, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced the relocation and expansion of its Indianapolis operation, moving its reverse logistics warehouse in Plainfield, Indiana, to a larger 203,840 sq ft facility in Brownsburg, Indiana. This new facility accommodates more excess inventory from retailers, enhances the customer experience for liquidation resellers and customers, and reaffirms the company’s commitment to sustainability. The Liquidity Services Brownsburg warehouse is located at 10255 Archer Drive, Suite 100 Brownsburg, Indiana 46112, and is open Monday through Friday with pickups from 8:00 a.m. to 3:00 pm EDT. To learn more or to start the bidding journey, liquidation resellers can visit Liquidation.com and individual consumers can shop AllSurplus Deals. A New Era of Sustainable ShoppingIn 2023, consumers returned $743 billion worth of goods, contributing to landfill waste and increasing the carbon footprint of retail operations, according to a recent NRF report. While the growing volume of product returns presents significant environmental challenges, Liquidity Services collaborates with major retailers to mitigate these issues by extending the life cycle of returned and overstock items, effectively reducing waste while diverting products from landfills. Brownsburg is now one of nine warehouses across North America servicing Liquidation.com and AllSurplus Deals, with locations in Plainfield, IN; Garland, Texas; Las Vegas, NV; Pittston, PA; Brampton, ON, Canada; North Wilkesboro, NC; Phoenix, AZ; and Hebron, KY already opened. The new site is equipped to store both individual items for consumer sales through AllSurplus Deals auction site and pallet-sized lots for business-to-business transactions through auction on Liquidation.com. Jeff Rechtzigel, vice president and general manager of retail at Liquidity Services, stated, \"The opening of our new Brownsburg facility represents a significant milestone in our ongoing commitment to sustainability and the circular economy. By expanding our capacity to handle more returned and overstock items from retailers and manufacturers, we are not only providing treme...