Wholesale Clothing Blog

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.