With September now here, the end of the summer is coming to a close and businesses need to start preparing for the next big shopping season: the holidays. Black Friday will be here sooner than you think, and industry experts are expecting some pretty big sales numbers for this famous shopping holiday.
How You Can Start Preparing Now
Consumers are also expected to start crossing off items on their holiday shopping lists earlier this year due to a few reasons. Many shoppers are afraid of packed storefronts and due to COVID-19, they want to beat all the madness and start buying early. Prime Day is also allegedly taking place in October, much later this year due to COVID-19, which will encourage shoppers to start their holiday shopping.
To keep up with the holiday demand in a timely manner, sourcing closeouts and liquidation loads can help to solve almost all of your preparation woes. Not only can you buy pallets and truckloads of merchandise to keep your booths stocked the entire season, but if you source correctly, you can buy for a huge bargain and make more of a profit.
What to Expect
Wholesale liquidators are suppliers who have large amounts of surplus wholesale merchandise. Many quality liquidators work with name brand retailers to purchase their extra inventory at low rates. This extra merchandise can be from customer returns, seasonal changes, overstocks, or imperfect qualities. Basically, liquidators handle the items major retailers no longer wish to sell.
Closeout suppliers are very similar to liquidation suppliers. They have a limited and large amount of a particular product they are looking to sell at a highly discounted rate. Just like liquidators, closeout merchandise is usually overstock or out of season merchandise.
Beware of Rising Shipping Costs
A Qubit survey found that 35.1 percent of shoppers will shop online more than they did before the pandemic, and 44 percent of respondents plan to shop more online during this year’s Black Friday, Cyber Monday, and Christmas holidays as compared to last year’s holiday season. Because of the rise in shipped packages, major shipping carriers such as FedEx and UPS have started charging retailers higher rates from the surge in ecommerce shopping.
According to the Wall Street Journal, UPS is hitting large shippers with price increases in the double-digit percent range in recent weeks and FedEx is following suit. Some of the increases have come mid-contract, while other increases have been made during renewals. USPS also recently announced temporary price increases, taking place on October 18, 2020, in response to increased expenses and heightened demand for online shopping package volume due to the coronavirus pandemic and expected holiday ecommerce.
To save yourself from expensive shipping costs, business owners need to start sourcing closeouts and liquidations sooner rather than later. American Merchandiser has curated a list of some of the best, most trusted wholesale companies so you can start your holiday preparations today:
is the best place to get quality tools for below discount prices. Located in Omaha, Nebraska, they buy closeouts and overstocks in a wide variety of products ranging from hand tools to housewares and everything in between. They also offer a diverse line of PPE supplies, including face masks, safety glasses, gloves, and face shields. To see a full list of their tools, visit their Omaha Tools website at omahacloseouts.com. You can also take a look at their professional painting supplies on their other website, www.mbsomaha.com.
offers tons of surplus merchandise, great customer service, and low wholesale prices. Having been in business for over 13 years, this company proudly sells wholesale lots, warehouse stock, salvage merchandise, store liquidations, overstocks, customer returns, shelf pulls, store closeouts, excess inventory, and truckloads of general merchandise that are a perfect fit for any store or booth. All Stars Wholesale has everything you need from health and beauty, jewelry, and home decor to cooking products, candy, and toys. Check out their website, www.allstarswholesale.com, for more information.
is where buyers can get the maximum bargain for their money. This locally operated, Christian-based discount supplier was founded by Doug Hipps in 1985. The company offers a wide range of general merchandise, including dollar store items, food goods, health and beauty products, office supplies, pet supplies, toys and more. Some non-closeout items Bargain Max offers are medical supplies including forehead thermometers. To place an order, give them a call at 704-277-8007 or visit their website at www.bargainmaxinc.weebly.com/dollar-items.html.
is a great company to get started with sourcing pallets of products. Not only is their website super easy to use, they also have pages upon pages of brand name products from retailers such as Walmart, Lowes, Target, and Amazon. As they have grown and added to their inventory, Direct Liquidation now offers an auction option on their website instead of the traditional “buy now” option for pallets of goods. Depending on the quality of inventory (new, like new, or used), the starting bid is either $40 or $99. If nobody else bids, you get to take it all. To get started now, visit their website at www.directliquidation.com.
is another excellent closeout supplier for sourcing new products. The company deals with a variety of national and ecommerce retailers who sell returns by the pallet and truckload. With new loads coming in every day, their inventory changes quite a bit. You can source everything here including apparel, furniture, home goods, food, footwear, and toys, just to name a few. See more of what SkyGroup Closeouts has to offer at www.skygroupcloseouts.com.
is also another easy-to-use online platform for sourcing liquidated merchandise. The homepage offers a list of featured lots from well-known and reliable companies, and if you don’t see anything that catches your eye, you can search for specific products and see if there are any deals going on. Buyers can sign up for a daily alert email to get in on all the lots before anyone else. Get started with sourcing the best deals at www.closeoutcentral.com.