Business
New Consumer Deals Marketplace, AllSurplus Deals, Launches in Phoenix Offering Extreme Bargains While Helping the Environment
B2B Pioneer Launches Online Marketplace for Retail Bargains with Curbside Pickup for Consumers PHOENIX, Nov. 9, 2021 /PRNewswire/ -- Liquidity Services,
About this update from Liquidity Services, Inc.
[{"type":"text","content":"B2B Pioneer Launches Online Marketplace for Retail Bargains with Curbside Pickup for Consumers\n\n\nPHOENIX, Nov. 9, 2021 /PRNewswire/ -- Liquidity Services, (Nasdaq:LQDT), operator of the world's largest e-commerce marketplace platform for business and government surplus, today announced the launch of AllSurplus Deals, a new online consumer marketplace dedicated to powering the circular economy by offering \"new-life\" for returned and overstock items at deep discounts directly from top retailers and manufacturers. A smart way for consumers to shop on a budget, AllSurplus Deals offers an ever-changing mix of valuable merchandise across a broad range of categories, including home electronics, toys, furniture, fitness and outdoor equipment, sporting goods, baby necessities, pet supplies, home improvement items and general retail merchandise. \n\n \n \n \n \n \n \n\n \n\"Phoenix was the perfect location to launch our new AllSurplus Deals program, as we have strong supply and consumer demand in this area,\" said Jeff Rechtzigel, Vice President of Retail at Liquidity Services. \"This exciting new business model provides consumers direct access to deeply discounted returned items just as shoppers enter the holiday shopping season while ensuring none of these items are needlessly discarded.\"\nHow it Works\nUnder the new program, registration is free, and consumers bid on items at AllSurplusDeals.com. Before being entered into the auction, each item is screened, checked for defects, and photographed to capture the condition of the item. Returned items typically can't be sold as new, so while some items might not be in mint condition, all are remarkably affordable. Auction winners pay for their items online, then schedule an appointment for curbside pickup Monday through Friday at the company's new 85,000 square foot Phoenix warehouse that was built to store up to 50,000 items. The new facility will employ between 75-100 people across various job functions and will integrate best-in-class retail technology to support a high-quality customer experience.\nWhat Happens to Returned Items?\nLast year, ecommerce accounted for $565 billion or 14 percent of total U.S. retail sales. Of that, approximately $102 billion of merchandise purchased online was returned. According to the National Retail Federation, online returns more than doubled in 2...