America’s $644 billion liquidation industry

Written by on June 9, 2022

America’s $644 billion liquidation industry

A record number of online returns has created a booming $644 billion liquidation market. As supply chain backlogs cause shortages of new goods and Gen Z shoppers demand more sustainable retail options, pain points for one sector of retail are big business for another. The nation’s only major public liquidator, Liquidity Services, resells unclaimed mail, items left at TSA checkpoints, and outdated inventory from major retailers. According to their website, the company sells over $6 billion worth of government and commercial surplus annually. In addition to appealing to bargain-hunters and treasure seekers, the company touts its sustainability credentials, stating that it diverted 2.5 million tons of waste from landfills last year. While some may see Liquidity Services as a vulture capitalizing on the struggles of brick-and-mortar retailers, the company is filling a need in the market for low-cost goods and sustainable shopping options.

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