Categories
Business fraud Hot off the press Strange and Weird Trends Uncategorized

Shame on you Coca-Cola, shame, shame…..shame

Coca-Cola is telling ALL Whites “to be less white”, the company is providing company training that teaches all Whites are “inherently bad because of their skin color”…..🤔 gee…that sounds a bit racist.
Hey Coke, next time try “to be less stupid”.

https://nypost.com/2021/02/23/coca-cola-diversity-training-urged-workers-to-be-less-white/

Categories
Hot off the press Trends Uncategorized

Twitter Sucks, it has always sucked.

So imagine you are walking down the street and some random person shouts “I had pancakes for breakfast”…..yup, that’s Twitter.  Lot’s of random folks with oh so very clever one liners shouting daily – listen to me! listen to me! sounds like heaven right?  What’s worse is now Twitter has decided to become a political activist, silencing anyone who disagrees with their “we are the chosen ones” attitude.  So if you have an opinion that doesn’t align with Twitters you can expect to be silenced, well, if you have any sort of following that is…if you’re just some nobody, then they don’t care either way really.  Great group of folks, gives us the warm fuzzy’s all over 🙂

What happened to Free Speech?  The truth is Twitter sucks and has always sucked.

 

Categories
Business Hot off the press Retailers Uncategorized Wholesale

Supply Chain Rebooting?

Microsoft and Apple have both announced updates to their revenue guidance Q3, FY2020.  A slow supply chain has been one of several reasons provided for these altered forecasts. Goldman Sachs has predicted that “US companies will generate no earnings growth in 2020. We have updated our earnings model to incorporate the likelihood that the virus becomes widespread.”  This is just some of the fallout COVID-19 otherwise known as coronavirus is having on the global economy.  The report further states, “If COVID-19 spreads rapidly, supply chain delays could persist, US consumer demand could plummet, and firms could lay off workers in an effort to maintain margins,”

 

When a significant supply chain is all but stopped, starting again can be slow going. Industry giant Coca-Cola has become concerned that supply chain shortages could impact its beverages, those which have ingredients sourced directly from China.

The CDC has warned that COVID-19 will continue to spread, consumers in areas of infection can’t shop for products, shops find themselves without customers and close, factories then lay off workers and the cycle repeats.  If the outbreak is limited to mostly China activity could return to normal by 2nd QTR.  Unfortunately, the spread seems inevitable and is no longer if but when.

So, what can businesses do? planning for possible disruptions is going to be their best course of action, suppliers should ensure they have alternative supply sources ready.  They should also take advantage of supplies that are available now, they may not be later.

Start Finding NEW suppliers at GetThatWholesale.com

Categories
Hot off the press Trends Uncategorized Wholesale

Not too HOT or COLD but JUST RIGHT!! 2019

According to Wikipedia, “A Goldilocks economy is an economy that is not too hot or cold, in other words, sustains moderate economic growth, and that has low inflation, which allows a market-friendly monetary policy. The name comes from the children’s story The Three Bears.”

Categories
Featured Wholesalers Hot off the press Retailers Smoking Products trade shows Wholesale

New Attractions at CHAMPS Trade Shows!

As CHAMPS Trade Shows celebrates its twentieth anniversary, it’s clear that the cannabis industry has evolved. Over 20 years, the number of exhibitors who attend CHAMPS Trade Shows has multiplied. Exhibitors now include businesses that serve every aspect of the cannabis marketplace and every whim of the consumer. Hemp products, vaporizers, cigarette papers, lighters, credit card companies, POS systems, insurance providers, clothing, incense, candles, jewelry, media outlets and more are all represented at CHAMPS.

CHAMPS has expanded its own reach within the industry. Earlier this year, the massive B2B trade show introduced a new division: Dispensary+

It goes without saying that a popular cannabis dispensary is a busy place. But the needs of a dispensary are very different from those of a smoke shop. Consumers visit a dispensary to fulfill their medical needs or purchase recreational cannabis. It’s not their intention to buy a high-end glass piece or browse racks of cannabis-themed clothing.

Customer service is of the utmost concern. Addressing the needs of medical patients requires expertise and compassion. And if a dispensary is located in a state where recreational cannabis has been legalized, a large population of cannabis consumers means that operational demands are even more challenging. Furthermore, the range of cannabis products expands daily, it seems—edibles, oils, tinctures, CBD products, genetics. It takes a virtual juggler to keep that many balls in the air!

Categories
Hot off the press Retailers Trends Wholesale

Increasing Profit within the Secondary Market

Every year over half a million businesses are created in the United States.  Approximately one third of these start-ups are retail businesses.  A large portion of these businesses will focus on the “Secondary Market”. This marketplace offers great advantages and high rewards but you need to be well prepared.  Finding the right supplier to source products from is critical.

Secondary Market products consist of Closeouts, Surplus Goods, Customer Returns, Liquidated Items, and any product that is not sold after its initial manufacture. Many companies specialize in secondary market purchases and reselling.  Resellers might experience some level of unsellable merchandise in these types of wholesale orders but not always.  Retailers will be hard pressed to find a cheaper source of merchandise than secondary market items and these products can be a great way to turn a profit.

Working within the Secondary Market is more than knowing just your product niche; you also have to know how to sell products with a variety of quality conditions.  Getting creative is essential for moving not only the good products but also the less desirable ones.  A good strategy is to start small by purchasing a few pallets and working your way up to buying full truckloads.  If buying smaller loads is an obstacle, you might need to consider your source. Remember, where you get your products is just as important as what you get, especially when sourcing surplus goods.

To gain additional insight into this industry we spoke with Michael Lawrence of DirectLiquidation.com.  His company represents one of the fastest growing marketplaces for Surplus Merchandise.  

Categories
Featured Wholesalers Hot off the press trade shows Wholesale

ASD Market Week announces continuation of their successful TWO FOR TUESDAY collaboration

LAS VEGAS MARKET & ASD MARKET WEEK CONTINUE COOPERATION
WITH SUMMER 2018 “TWO FOR TUESDAY” PROGRAM

Easy Transportation & Access to Both Shows on Tuesday, July 31
LAS VEGAS, July 26, 2018… Las Vegas Market and  – on Tuesday, July 31,
2018, in Las Vegas – bringing together the collective resources of two major tradeshows and
thousands of resources. The fourth edition of TWO FOR TUESDAY provides buyers with free
and continuous shuttle service between the two exhibit venues – the Las Vegas Convention
Center and World Market Center Las Vegas – as well as free access to both wholesale markets.
“ASD Market Week is thrilled to be collaborating with Las Vegas Market once again to
offer buyers the two-for-one show access between our markets,” said Camille Candella, Vice
President of Sales & Marketing, Emerald Expositions. “We are committed to providing the retail
industry with a market week filled with buying opportunities. In working together, ASD and Las
Vegas Market provide retailers a greater return on their shopping investment when coming to
Las Vegas. They will have access to thousands of gift and home vendors across both shows as
well as suppliers of fashion accessories, jewelry, and general merchandise, ultimately making
their buying trip much more successful.”

Las Vegas Market features lifestyle-oriented and design-driven gift and home décor
products across all price points. ASD features great impulse buys and high margin opportunities
in Fashion, Gifts, Novelties and more. Together, the two events present more than 4,800 unique
resources for buyers. Minimal overlap between ASD’s exhibitors and Las Vegas Market’s
permanent showrooms and temporary exhibits creates an unparalleled incremental buying
opportunity for global retailers across differentiated, but related, categories.
“Since we launched TWO FOR TUESDAY in 2015, it has been an added benefit at no
additional cost for Las Vegas Market buyers and suppliers,” said Dorothy Belshaw, President of
Gift Leasing & Chief Marketing Officer, International Market Centers. “This continuing
partnership with ASD is a win-win for our customers – buyers can access additional resources
and exhibitors gain exposure to new channels of distribution – and increases the return on
investment for buyer and suppliers alike.”

Categories
Business E-commerce Featured Wholesalers Hot off the press How To's Wholesale

Source Your Inventory From Top Retailers With BULQ

 

BULQ is disrupting the liquidation industry by offering a manifest guarantee, flat-rate shipping and the ability to source on the go.

BULQ is striving to disrupt the liquidation space. They’re a sourcing solution that is committed to providing resellers with the best possible buying experience. Because BULQ’s founders have experienced, first-hand, the challenges to sourcing, they have created a sourcing platform that offers a more modern and accessible approach to the liquidation industry.

What Sets BULQ A Part From Their Competitors?

What really sets BULQ a part from its competitors is ‘The BULQ Promise.’ The three main pillars of this promise include a manifest guarantee, flat-rate shipping, and dedicated support.

BULQ’s founders understand that a major pain point for customers is wasting money on lots that don’t match the manifest, they decided to implement a manifest guarantee. If the manifest is off by more than 2% in terms of condition and quantity, customers can make a claim for reimbursement.

Another frustration in the industry has been around high and unpredictable shipping costs. BULQ has made the shipping process super simple, offering flat-rate shipping. Shipping  is $30 per case and $200 per pallet. Inventory can also be shipped directly to a buyer’s door, no lift-gate required.

The final part of the BULQ Promise is the brand’s dedicated customer care team. Agents are available 6 days a week to answer questions and or provide other assistance either over the phone or via email.

Categories
Business China Clothing E-commerce Featured Wholesalers Holiday News Hot off the press How To's trade shows Trends Wholesale

A GUIDE TO BUYING RETURNED AND EXCESS MERCHANDISE

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.

Categories
Business Clothing E-commerce Ebay Featured Wholesalers Hot off the press How To's Jewelry Licensed Merchandise Pet Supplies Retailers Self Defense/Security Shoes and Footwear Smoking Products Trends Wholesale

Secondary Market, the Road to Profiting in Wholesale

Every year over half a million businesses are created in the United States.  Approximately one third of these start-ups are retail businesses.  A large portion of these businesses will focus on the “Secondary Market”. This marketplace offers great advantages and high rewards but you need to be well prepared.  Finding the right supplier to source products from is critical.

Secondary Market products consist of Closeouts, Surplus Goods, Customer Returns, Liquidated Items, and any product that is not sold after its initial manufacture. Many companies specialize in secondary market purchases and reselling.  Resellers might experience some level of unsellable merchandise in these types of wholesale orders but not always.  Retailers will be hard pressed to find a cheaper source of merchandise than secondary market items and these products can be a great way to turn a profit.

Working within the Secondary Market is more than knowing just your product niche; you also have to know how to sell products with a variety of quality conditions.  Getting creative is essential for moving not only the good products but also the less desirable ones.  A good strategy is to start small by purchasing a few pallets and working your way up to buying full truckloads.  If buying smaller loads is an obstacle, you might need to consider your source. Remember, where you get your products is just as important as what you get, especially when sourcing surplus goods.

To gain additional insight into this industry we spoke with Michael Lawrence of DirectLiquidation.com.  His company represents one of the fastest growing marketplaces for Surplus Merchandise.  

In the past, online liquidators pawned off “as is” and “salvage-grade” merchandise to buyers as the best value available in the wholesale marketplace. Product misrepresentation, low-grade items, and a narrow assortment of tier-2 or 3 brands were commonplace. The ability to purchase small loads or retail-ready products was virtually unheard of. In addition, if you were “lucky” enough to win one of their auctions you could expect a further 7-15% “buyer premium” charge for the privilege of buying their junk inventory. – Michael Lawrence

Michael went on to explain how Direct Liquidation can solve these problems, they offer buyers an incredible range of products, tier-1 brands sourced from their exclusive relationships with top national retailers and manufacturers.  Smaller loads are available so buyers can test customer demand without depleting resources.  Having an ability to test demand could be the difference between a good bottom line and a bad one.

Large liquidators buy huge volumes of surplus merchandise and returns for literally pennies on the dollar. They process and sort this inventory and make it available to the smaller buyer. Generally liquidation lots are sold “as-is, meaning there is no guarantee of lot quality and usually no return on purchase. Understandably, this comes with the deeply discounted prices on these lots, typically well below wholesale. But “as-is, doesn’t necessarily mean poor quality.  Frequently a large portion of the inventory is in new or like-new condition.  Fact is, buyers can and do make a healthy profit reselling this merchandise.

Secondary Market Wholesale Products