For a while it was easy to buy return clothing from gap and old nay clothes by the pallets. In recent month Overstock clothes started to show up in the closeouts industry.
The word in the street says Gap inc will close down its stores and a masive amount of overstock clothes will run around.
I received a call from a gentleman asking me why he can not post a comment on the blog. I wanted to explain that we are working on the issue and you CAN post comment but for now we must moderate them and it takes some time until it appears.
Thanks
Joe M.
For the last four weeks we gathered data about the top five clothing wholesalers and liquidators online.
The craiterias are based on:
1. Companies hunesty ( based on the Better Business Bureau ( www.bbb.org) review
2. Years in business
3. Companies size
4. Type of merchandise and prices.
We also listed the worst wholesale clothing companies. For legal reasons we did not list their names.
The top companies are
wholesalefashionsquare.com (no complaints the last 3 years on the bbb.org) specialize in non branded clothes in full cases sizes.
www.merchandizeliquidators.com ( no complaints in the last 3 years on the bbb.org) Deals with clothes but also cosmetics, general merchandiseand more. Clothing are mostly assorted and not in full cases . It has lines of department store overstock clothing which can contain name brand clothing as well as non branded clothng. Its wholesale clothing merchandise is sold in larger lots than avarage.
apparelshowroom.com. Was bought our by redtagclothing.com in 2008 but was the first company to bring junior clothing in small lots of 6-12 pcs to the internet. It is located in LA California and has more than 40,000 clients.
Redtagclothing.com, as medtiond above it was the merger with apparelshowroom. it has closeouts of non branded tops. Average price per piece is $5.75. Located in LA CA as well.
Genco.com. Now this companie is one of the largest liquidation companies in the USA and has an average gross sells of 750 millions a year. Genco is incharged of the processing and selling all the sears, Kmart and othere chain stores. Although there are some complaints on the BBB it is understandble due to a very large amount of clients. Anothere reason is the way the merchandise is liquidated (salvage and costumer return with damage goods.)
Here is how the little man can take advantage of the bad economy. More than 30 chain stores are closing some of their stores and many other stores declared bankruptcy in the last few months. These stores include Foot Locker, Home Depot, Circuit City, Ann Taylor, Linens ‘n Things, and Macy’s. I will provide a list of all sources needed to buy closeouts from these stores and will explain how we may benefit in the long run.
For every catastrophe, there is a new business opportunity, at least according to some people. When Macy’s closed down a few of its stores (nine so far), all the inventory was processed and moved the liquidation center in California or New Jersey. From there, it was sold to a liquidation company that broke down the inventory into small categorized lots (men’s clothing, men’s shoes, women’s designer clothes…) and then sold to the public. The goods were sold for about ten percent of the retail cost.
The liquidation company usually has a contract with Macy’s and agrees not to advertise Macys’ name. Meaning, if you run to a site that claims to sell Macy’s overstock goods, it is probably a broker company that buys from the authorized liquidation company. The liquidation company for Macy’s is Merchandize Liquidators. For the most part you can find wholesale clothing sold in pallets. You can find this type of liquidation sold in stores like Ross and Marshalls. What most people don’t know is that just about anyone can buy this clothing in bulk and sell on their stores.For Walmart Liquidation ( yes they also have a liquidation program) the company to contact is Jacobs Trading.
In terms of retail, we all know that clothing items and their respective accessories make for a most popular type of merchandise, and not only that, one that makes up billions of dollars in the retail world. You too can get a cut of this wealth buying clothing items wholesale and then turning them around for a profit. Here are some examples of things you can buy wholesale.
- Sunglasses. Many people wear them, they are both a necessity and a fashion statement.
- Shoes. Very profitable as they too are both a necessity and are closely related to current fashions.
- Pocket books or hand bags. Women love to stay in fashion by buying these also very necessary accessories.
- Jewelry. Low cost jewelry such as earrings and rings can be had at low prices and sell well on the street
- Watches. These are both a necessity and often time also classify as jewelry or another type of accessory in general.
All of these types of clothing accessories are extremely popular sales items whether it be sold by street vendors in New York City or by your own self on online auction sites. Doing this is incredibly easy once you have an idea in mind of what it is you want to sell and how you’re going to do it, such as where you will sell and for what kind of profit. Clothing items can indeed be a lucrative avenue for you to take if approached with care and creativity.
Are you in the business of selling things? If not, you might want to consider getting into a lucrative sales market. If stores and other individuals are able to pay their bills by selling goods, why can’t you also do it? The secret to making money is buying things wholesale, where you buy a large amount of merchandise and turn around and sell each item for more than what you paid for it. Here are some ideas on what types of items you can sell.
-Personal care products. Folks selling at flea markets can be seen selling toothbrushes, cosmetics, apparel, and practically anything that can be used for your body. These items are popular to sell because for most people, they are a bare necessity.
-Entertainment items. For instance, companies that produce and sell DVDs will often offer wholesale rates for retailers who want to sell the DVDs at a profit. Entertainment items are always popular because people simply want to laugh a bit and enjoy themselves.
-Collectibles. From knick knacks to house decorations to figurines, there are all sorts of things that people collect or give as gifts that you can buy wholesale and then sell for a profit.
As you can imagine, like in the world of retail, there are hundreds of thousands of items out there which can be purchased wholesale and then sold for a profit. By deciding what it is you like selling best combined with what is most profitable, you are sure to make a success out of it.
Wholesale buying is arguably the most important means by which anyone can first buy a large amount of items and then sell them for a higher price to consumers. This is how businesses and individuals make profits. Below are three tips for getting started with wholesale buying.
- Think about what it is you like buying. Often time the more you know about a specific product, the better you will be at finding good deals on them when buying wholesale. After all, if you are a mechanic, you will know more about good quality and affordable tools rather than hand bags or sunglasses.
- Research the various wholesale suppliers out there. Be sure to do a background check and make sure you do not deal with a scammer. Get to know your supplier first, as this makes them aware that you are serious and mean business. Having a good relationship with your supplier means easy business in the end.
- Think about where you want to sell these items. You can do it in person at church and garage sales, or you can even do it online on one of the various auction or classifieds websites out there on the internet.
When you do a bit of research and creative thinking, the world of wholesale buying becomes that much easier. In the end, wholesale buying is all about making profits. Approach it with a little know how, and of course some experience as you continue to go along with it. As you learn the ropes, the profits will usually grow from that point on.
If you are like most people, chances are you are a big fan of hot dogs or frankfurters as they are called in some territories. This juicy, tasty treat is especially a staple on the sidewalks of large cities such as New York City. Aside from being a part of local culture, hot dogs share valuable sidewalk vending space along with other commodities such as hand bags, purses, watches, among other things which people walking along on the sidewalk can purchase to eat, wear, or enjoy, and affordably.
Although hot dogs make for a fun eating experience, little consider that the business behind them can be very lucrative. Consider that New York City hot dog vendors have to pay amounts sometimes in the hundreds of thousands of dollars just for a license to sell the dogs on the street. Amazing if you think about it, but if hot dog vendors can afford this, it only means they are making much much more by selling the hot dogs, and you probably never thought one could get rich by selling such a thing.
Obviously wholesale buying is the secret behind such success. Hot dog vendors can go to suppliers who sell them bulk amounts of the dogs, buns, and condiments for low prices so that the vendors can turn around a good profit when selling the cooked and decorated treat to you on the street. As in any retail endeavor, wholesale buying is one of the secrets behind successful hot dog vending.
With our human population increasing at such high speeds, it is interesting to take a look at how this effects the production of products and other store bought merchandise and how these practices evolve on a global scale. As you can imagine, product making has been changing ever since the advancements in machinery and factory type production methods became the norm in the last two hundred years. While not only production methods change, so do the circumstances in which items are produced as well as quality of the items.
For one thing, we all know that much of any country’s products, especially what we find in America on our store shelves, are not actually domestically produced and are imported from other nations. Asia proves to be one of the biggest suppliers of our goods with China topping that list in many respects. Why is this? As our society evolves, we look to other nations who can produce the items we need in ways that our own infrastructure is either unwilling or no longer capable of doing.
As we also all know, quality in manufactured goods can greatly vary in modern times. With the invention of plastics for example, everyday items and machinery parts among many other things have been using plastic to replace metal and wood materials in production. While this is efficient and saving of our resources in some ways, it can mean product quality suffers. Whatever the case, the obvious fact is that many wholesale quantity goods originate overseas where so much manufacturing has been outsourced.
When it comes to selling goods, most of us know that the magic behind it is wholesale amounts of products or merchandise being passed from manufacturer to retailer. It is easily understood that the workings behind wholesale deals is what makes profit possible for all parties, and ultimately varied selection and availability of goods to everyday consumers. Of course, price is important for all three key parties from manufacturer all the way down to consumer. Quality is also a major factor. However, how many in the retail industry consider the location in which merchandise originates?
The fact of the matter is that most merchandise being sold, especially in the western hemisphere and more specifically America, actually originates from China and other Asian and eastern areas and then find their way to American shores on our west coast. It is true that most commerce depends on this situation to meet supply and demand. Interestingly enough, west coast imports are not the only way to go when dealing in items purchased wholesale. There are many good deals to be found on the east coast.
One such example is Merchandize Liquidators, located at www.merchandizeliquidators.com. Specializing in clothing closeouts, it is amazing to see just how many great deals there are from this east coast source for low cost clothing. For retailers buying wholesale, especially those of you who deal partially or fully in clothing, it is definitely worth a look into what they have to offer. Why not, it would be good to further stimulate commerce on the American east coast.