Inflation Calculator: How you experience inflation can vary greatly depending on your spending habits.Understand Inflation and How It Affects You There was a “home theater” memory foam futon with a built-in cup holder from a Walmart return center.
#Liquidation center tv#
But it was not difficult to figure out.Īn 85-inch flat-screen TV had an Amazon Prime sticker still on the box. Daunt and the warehouse manager, Trevor Morgan, said they were not allowed to discuss where the products originated. On a tour through the Pennsylvania warehouse, Mr. Sciarrotta calls it “the dark side” of retail. Still, liquidation can be a sensitive topic for the big companies that want customers to focus on their “A-goods,” not the failures. Retailers will probably receive only a fraction of the items’ original value from the liquidators but it makes more sense to take the losses and move the goods off the store shelves quickly.
“But there is still too much going to landfills.” “We are reducing the carbon footprint,” said Tony Sciarrotta, executive director of the Reverse Logistics Association, the industry trade group. Liquidators say they offer a more environmentally responsible option by finding new buyers and markets for unwanted products, both those that were returned and those that were never bought in the first place. But more fundamentally, industry analysts say the increasing returns reflect consumer expectations that everything can be taken back. The National Retail Federation and Appriss Retail calculate that more than 10 percent of returns last year involved fraud, including people wearing clothing and then sending it back or stealing goods from stores and returning them with fake receipts. The huge surge in e-commerce sales during the pandemic - increasing more than 40 percent in 2020 from the previous year - has only added to it. Liquidity Services, a publicly traded company founded in 1999, decided to open its new facility as close as it could to the Scranton area’s major e-commerce warehouses, making it easy for retailers to dispense with their unwanted and returned items.Įven before the inventory glut appeared this spring, returns had been a major problem for retailers. Today, the local economy is home to dozens of e-commerce warehouses that cover the hilly landscape like giant spaceships, funneling goods to the population centers in and around New York and Philadelphia. The giant facility is part of an industrial park that was built above a reclaimed strip mine dating back to when this region was a major coal producer. So, much of the industry’s flotsam and jetsam washes up in warehouses like this one, located off Interstate 81, a few exits from the President Biden Expressway in Scranton, the president’s hometown. “I have never seen the pressure in terms of excess inventory as I am seeing right now.”
Your support and business is a direct contribution to a social and environmental cause.įollow us on Facebook and Instagram to stay connected on our weekly markdowns and new arrivals.“It’s unprecedented,” said Chuck Johnston, a former Walmart executive, who is now chief strategy officer at goTRG, a firm which helps retailers manage returns.
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