This year’s Thanksgiving weekend shopping showed a 40% increase over 2017. Between Thanksgiving and Cyber Monday over 165 Million Americans shopped in stores or online. Low unemployment and rising wages most certainly contributed to the weekends success but so did strategic investments by many savvy retailers. Investments in Technology paid off big time across all platforms. Commercial suppliers know this is all very good news, in fact spending estimates indicate the holiday weekend was record breaking. Top buys over the weekend included apparel, books, toys and video games, electronics and gift cards.
April 24, 2018
LOS ANGELES, April 2018 – In Celebration of National Small Business Week 2018, ASD Market Week and Hubba team up and take Retail Minded’s Nicole Reyhle on the road to celebrate success of thriving local retailers in 5 select cities across the U.S.
As part of National Small Business Week, ASD, the leading general merchandise trade show in the U.S., in partnership with Hubba, will be joining forces with global thought leader Nicole Reyhle of Retail Minded, to celebrate the growing role of small businesses in the next generation of commerce.
“We’re excited to bring retail front and center during Small Business Week and highlight some of the amazing, hard-working small business owners who attend ASD Market Week,” shares Camille Candella, Vice President of Marketing and Sales for ASD Market Week.
Joining Nicole on the road will be Amy Corral (Buyer Acquisition Manager), as well as a representative from Hubba. Collectively, they will deliver real-time updates direct from retail stores and communities across the country – offering small business info, news, and ideas.
What to look for when sourcing returned an excess merchandise.
(aka: how small store owners and resellers can bank on the busts of retailers and manufacturers)
Around $440 billion worth of merchandise is returned each year – a lot of which can’t go back on the shelves. But one retailer’s headache is another’s opportunity, and for online sellers, independent retailers and resellers, there has never been a better time to source returned and excess merchandise on the secondary market.
So, how do you navigate the secondary market to successfully sift through the bad and the ugly to get to the good? Here are some tips on what sellers should look out for when sourcing customer returns and excess merchandise:
It’s best to buy directly from the source
By purchasing directly from the retailer or manufacturer you can assume that there is no middleman involvement and no price mark up. Historically, it has been difficult for small to medium sized buyers to buy excess inventory directly from large retailers and manufacturers; however, today there are new, efficient systems that automate the manual work otherwise required for them to sell to larger buyer groups. One such tool is an online auction marketplace platform. These marketplaces provide a level playing field for all buyers to compete for the inventory, and they enable a direct relationship with the source via a transparent platform. Because they eliminate all negotiation over price, it is just as easy to have thousands of buyers involved as it is to manually sell to just a handful.
Source online from reputable sellers
Independent retailers, online sellers and resellers can often source inventory more affordably and efficiently by tapping into online auction marketplaces that sell returned and excess merchandise. There are numerous benefits to sourcing this type of product online including: greater product availability, detailed product descriptions, bulk quantities at your fingertips, shipping options, and a quick sales cycle. The key is to make sure you are buying from a known brand: many top retailers like Wal-Mart, Target, Costco and Best Buy have their own liquidation marketplaces while others leverage multi-seller marketplaces like B-Stock Supply or Liquidation.com. In the case of multi-seller marketplaces, be sure to use one that has a seller rating system, so you know you are buying from a reputable seller.
Purchasing inventory via these online-auction liquidation marketplaces can be a great way to secure inventory at an affordable, in some cases rock-bottom price, ensuring a better profit margin for you.
Just passing along an opportunity to save!!!
Below is the email we received from Skip McGrath, if you are not familiar with his website, works or resources you should be. Right now he is providing a special discount code for subscribers to his newsletter, we are happy to pass this along to you. This is a limited time offer so please see his information below !!!
We are getting close to our cut-off date and wanted to remind you about our Christmas discount on my books at Skipmcgrath.com.
Through December 31st, I’m offering $20 off most of my products! (Products costing less than $20 are excluded from this offer). Just use the coupon code SAV20SKIP.
You’ll use this coupon code on the checkout page. After you enter the coupon be sure and click the button that says APPLY, or it will not do the discount. Also, my shopping cart cannot apply a coupon discount to more than one book at a time, so if you wish to buy more than one book, be sure and do each of them as a separate transaction.
We are real people who answer our email and phone calls. Our business hours are M-F from 8AM-5PM and Sat. from 9AM-Noon. (We are in the Pacific Time Zone.)
Some are starting to smile while others cringe…here it comes again, Black Friday.
Referred to as the creme de la creme of buying and selling, and it’s only a week away.
Adobe’s Digital Index shows that last year’s Black Friday set the bar high, with consumers spending $2.4 billion online, an almost 24% increase from the prior year. This year, according to some estimates, that spend line is increasing even more. Especially with e-commerce continuing to grow in the double digits, something it has done for several years in a row now.
On November 11, we honor the brave men and women who have given so much of themselves by serving our country, risking their lives to protect all our hard fought freedoms.
There are many ways to give back to these heroes, here are just 5 small ways to start.
1: Simply say THANK YOU. This may seem small but it can go a long way and touch the heart.
2: Head over to your local Veterans Hospital and visit those who are healing. Don’t worry about just stopping by, trust me the visit is well worth your time and they will appreciate the gesture.
3: Visit the American Legion website and learn about volunteering. They offer many ways for you to assist, they depend on volunteers to accomplish their mission of devotion to our fellow service members and veterans.
Processing International Orders – Use Caution
International fraud is a growing global phenomenon. The threat of fraud can come from anywhere in the world, and the proceeds of fraudulent transactions can be spirited away across borders, requiring lengthy, costly and complex processes to repatriate stolen funds.
There will always be those who take advantage of others. Businesses will never be free of fraudsters but they can take steps to avoid them. Here are a few good practice suggestions.
As business owners we do a lot to prepare for the Holiday Buying Season. Stocking up on the latest and hottest products, offering year end deals and specials…the list goes on and on. None of these things matter if you are not being found, without new buyers to purchase stock we are sunk. What good is a deal if no one is taking advantage?
For many shoppers Black Friday represents the absolute best opportunity to grab the season’s hottest deals. The chaos and melee that ensues upon the doorstep of big box retailers each and every year is just par for the course, some might say they look forward to the battle within the isles. Black Friday is something that truly lacks proper description and can only be experienced firsthand. This year will be no different however this year’s Black Friday is going to start just a bit earlier. I guess we could call this Grey Thursday?
FOR IMMEDIATE RELEASE
ASD Trade Show to Welcome Independent Retailer Conference to March 2014 Show
Geneva, IL (September 3, 2013) – The nation’s largest consumer merchandise trade show, the ASD Show, will welcome the nation’s only conference dedicated entirely to independent retailers, the Independent Retailer Conference, to their March 16-19, 2013 show held in Las Vegas.
“We’re excited to bring expert education and trusted support uniquely for independent retailers to our upcoming show, providing the thousands of independent retailers who attend each ASD Show a valuable experience to help their stores further succeed,” explained ASD Show Marketing Director Camille Candella.