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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

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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.  

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Business E-commerce Featured Wholesalers Hot off the press Uncategorized Wholesale

$280 Billion Discount Trade Industry Is Experiencing A Major Shake-Up

GREGORY GARVIN
MARKETING MANAGER
1-855-493-0073
GREGORY@TIGERTRADE.COM

FOR IMMEDIATE RELEASE

January 27, 2017

TigerTrade B2B Platform Is Revolutionizing Global Off-Price Commerce
Ripe For Disruption, $280 Billion Discount Trade Industry Is Experiencing A Major Shake-Up

NEW YORK, NY – TigerTrade sees opportunities in global demand for bargain hunting getting bigger and faster thanks to its cutting-edge approach to international off-price retail. This technology-focused firm launched a first-of-its-kind, business-to-business (B2B) off-price platform designed to improve the speed and efficiency with which companies can sell their excess inventory to international buyers in new markets such as China, United Arab Emirates and Mexico. As simple as signing up, bidding and completing a transaction, vetted businesses and retail brands can move excess inventory across the world within a few clicks. While globalization has accelerated business-to-consumer methods of purchase, changes in the B2B off-price industry have not seen much innovation or automation – until now.

Tanjila Islam, CEO of TigerTrade, and an International Trade and Global Sourcing adjunct professor at the Fashion Institute of Technology said, “Our mission is to be the trusted end-to-end marketplace for buying and selling wholesale closeout merchandise. We achieve this because we understand the needs of our buyers, we know our suppliers.” Islam continues, “There is a ton of supply and plenty of demand, but it is currently hard for buyers to locate international sellers.” Where she saw a market need, she also saw inefficiencies.

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E-commerce Featured Wholesalers Trends Wholesale

Hot Vapes – over 135 tasty flavors!

2016 showed incredible growth for the Vaping Industry, huge actually!!

Today we are focusing on one company that has become a go-to source for many vape retailers, Hot Vapes.  They offer over 135 tasty flavors and test their nicotine to ensure it’s purity.  Crafted at their labs in Chicago Hot Vapes distributes a wide variety of e-Cigarettes, vaporizers, mods, clearos, tanks and accessories to vape shops across the US.

vapingman1

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Business E-commerce Hot off the press How To's Retailers trade shows Trends Wholesale

ASD & IMA EDUCATIONAL SERIES TO ENGAGE RETAILERS

FOR IMMEDIATE RELEASE

ASD & IMA EDUCATIONAL SERIES TO ENGAGE RETAILERS SET FOR UPCOMING SHOW: AUGUST 4-7, 2013—LAS VEGAS CONVENTION CENTER

 

LOS ANGELES, CA (July 2, 2013)—ASD, the show that brings the world’s widest variety of merchandise together in one show announced their 2-day educational series with IMA (Internet Merchant Association) that will be featured at its upcoming show, August 4-7, 2013, at the Las Vegas Convention Center. Underlining ASD’s commitment to providing the most valuable and productive experience possible to every show participant, ASD & IMA’s educational track will provide retailers insight on increasing sales, creating an ultimate sales team, leveraging social media and tips to grow their business.

The idea behind ASD’s “Learn & Earn” sessions is designed to keep retailers on top of buying trends, e-commerce, social media and other issues that impact their business.  The 2-day ASD & IMA sessions track are free to all registrants of the ASD show. ASD will have a lineup of 10 sessions with a wide variety of topics including popular speaker, Jon Goldman, “Maximum Social Marketing, Minimum Time” and James Hsieh, “How to Properly Use Google Advertising to Quickly Increase Sales for your Website”, as well as new speaker, Suzy Teele, “Holiday Event Marketing: The Secrets to Busy Sidewalks”. IMA will also have a schedule of returning speakers, Mike Effle, “Branding YOU. Get Out of the Shadows and Build Your Own Brand” and Rick Wilson, “So You Want to Be an E-commerce Seller? 10 Things You Need to Know Before You Start”. An overview schedule of each session is as follows:

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Business Clothing E-commerce Featured Wholesalers Hot off the press Jewelry Licensed Merchandise Retailers Self Defense/Security Shoes and Footwear Trends Uncategorized Wholesale

Jacobs Trading Company Offering Customer Returns Truckloads



Now Available – Full Truckloads of Retail Store Customer Returns

GetThatWholesale.com readers who have been buying and selling customer return merchandise and are looking to expand their business, now have the opportunity to source merchandise by the truckloads.  If you have been buying pallets and small lots of returns and need more products and better pricing, Get That Wholesale has found the source for you.

Jacobs Trading Company has been offering many of the top retailer’s returns across the United States for over 40 years.  Product categories are only offered by the Full Truckload, giving you the most potential for profits.

Brand Name Products Categories Include:

  • General Merchandise
  • Appliances
  • Cookware
  • Domestics
  • Electronics
  • Heaters
  • Furniture
  • Housewares
  • Power Wheels and Ride on Toys
  • Rugs
  • Seasonal Truckloads (Christmas and Halloween)
  • Sporting Goods
  • Tools
  • Toys

Buyers have the ability to purchase mixed merchandise truckloads or full loads of single category products.

Jacobs Trading Company has distribution facilities strategically located across the country to provide its customers with maximum logistics efficiency and customer satisfaction.

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E-commerce fraud Holiday News Hot off the press Retailers Wholesale

BIG changes at Big Lots

Big Lots has reported that it’s CEO and president of the Ohio closeout retailer 61-year-old Steven Fishman would soon step down as chairman. This announcement seems directly linked to news about an ongoing investigation into alleged insider trading by Fishman.  Back in March Fishman unexpectedly and outside of his normal trading schedule dumped $10 Million worth of Big Lots stock, this did not go unnoticed and when little more than a month later that same stock plummeted by a quarter suspicions rose.  The CEO is now caught up in an ongoing criminal probe to determine if negative information was kept from investors.

The latest news reports that an Atlanta based law firm of Holzer, Holzer & Fistel filed a class action lawsuit against Big Lots, saying the company “knew but failed to adequately disclose that its consumables line was deteriorating.”  The lawsuit also claims that the company didn’t adequately inform it’s investors “that its margins and prospects were being adversely impacted by consumers making purchases of big ticket products online.”

Just what does Big Lots have to say about this?  Well, Big Lots says there is no relation to Fishman’s departure or any ongoing investigation. “Unequivocally, Steve’s announcement to retire once a replacement has been found has nothing to do with the recent (Wall Street Journal) article or criminal probe,” Charles Haubiel, Big Lots’ top lawyer, told The Columbus Dispatch. “It’s a shame that someone who has done so much good for the company and the community has to have this cloud from someone trying to tie him into an SEC investigation.”

Big Lots

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Business E-commerce Featured Wholesalers Holiday News Hot off the press How To's Retailers Trends Uncategorized Wholesale

NEW !! “Source with Confidence” badge.

When buyers are your life blood it makes sense to listen very carefully when they speak. We do!

GetThatWholesale is proud to announce a brand new tool for our buyers to use.

We call it the “Source with Confidence” badge and buyers will find this new tool very useful. Over the years buyers have provided us feedback related to our directory and of course the suppliers within it. One consistent and common concern has always been the need to connect with only qualified wholesale suppliers. GetThatWholesale has always considered this a top priority and we are finishing out 2010 by taking this consideration one step further. We have implemented the “Source with Confidence” badge for suppliers that meet a higher standard of buyer sourcing safety.

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Business China Clothing E-commerce Ebay Featured Wholesalers Holiday News Hot off the press Jewelry Licensed Merchandise Retailers Self Defense/Security Wholesale

GENCO MARKETPLACE Launches – NoBetterDeal.com

 

GENCO Marketplace Launches Online Store for Bargain Shoppers – NoBetterDeal.com

 

New site targets shoppers ready to buy at the lowest available price

 

PITTSBURGH, Pa. – March 3, 2009 – GENCO Supply Chain Solutions, North America’s second largest and a Global Top 50 third-party logistics provider, today announced the launch of NoBetterDeal.com – an online B2C store where bargain shoppers can purchase high-quality surplus inventory and retail returns at below wholesale prices.