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Closeouts, Overstocks, Surplus Merchandise

By Edited Jun 6, 2015 0 0

In a matter of minutes you can find hundreds of stores, if not more, that specialize in closeouts, overstocks, and surplus merchandise. What exactly are these stores selling? How do they get their discontinued items to unload at cheap pricing? Is there a catch? These are all great questions that aren't too hard to answer. When you go out looking for a great deal on virtually any retail item, it may be a good choice to check out any stores that specialize in closeouts, overstocks, and surplus merchandise. Here's the scoop on these sellers.

What are they selling?

 

 

 

Stores that specialize in closeouts, overstocks, and surplus merchandise sell virtually any item you can imagine, from computers to underwear and everything in between. You will find many local stores that carry discontinued, factory overruns, and customer returns every day. Of course, if you can find it locally, you can also find it online. Stores selling closeouts, overstocks, and surplus merchandise are no exception. Here are some of the things they are actually selling, and what they mean.  Keep in mind that some will even offer buy now, pay later, no credit check shopping.

Overruns: When manufacturers make too much of any particular item, it's often called an overrun. Essentially, there is not enough demand to meet the supply of the items made. This is quite common and one of the biggest sources of sales items for stores that carry closeouts, overstocks, and surplus merchandise. You can find countless examples at virtually any retailed that specializes in these types of items.

Discontinued items: Have you noticed that many of the stores selling closeouts, overstocks, and surplus merchandise seem to carry items that were from the previous year? This is because many of these retailers sell items that have been discontinued at other stores. Perhaps a new model or replacement has come out, which makes the current item outdated. In the case of clothing buy now pay later, it could mean buying last year's fashions. For many, the great bargain you can find on closeouts, overstocks, and surplus merchandise is too good to ignore, even if the styles or items are somewhat outdated.

Customer returns: This can sometimes turn a person off to stores that carry closeouts, overstocks, and surplus merchandise. In fact, some people will look at items like these as "used." This may not actually be the case. There's a good chance you have returned an item or two when nothing was wrong with it, but perhaps could not be resold at the store. Of course, in some cases the items may actually have some issues, or not be working altogether, so it pays to be diligent while shopping. Deals on customer returns can often be found at retailers carrying closeouts, overstocks, and surplus merchandise.

Refurbished items: This can give you a great opportunity to save lots of money when you shop at retailers and look at the closeouts, overstocks, and surplus merchandise they have to sell. In many cases, the item in question was returned by a customer, or found to not be working right at the factory, and then repaired to work as good as new. It's a great way to save money on new items. Many of the factory refurbished items you buy will come with a new warranty, but you should check to make sure before you buy closeouts, overstocks, and surplus merchandise that has been refurbished for sale.

How do they get these things?

 

 

 

Of course, it's going to vary by store, but for the most part, the stores carrying closeouts, overstocks, and surplus merchandise will get their items for sale from a few main sources.

Direct from manufacturer: This is often the case when it comes to overruns and factory refurbished items. When the manufacturer cannot sell the items to local or online stores, they look to unload them to stores that specialize in closeouts, overstocks, and surplus merchandise. This is generally not going to be Wal-Mart, but it can include store like Big Lots, or other smaller businesses. In addition, many are sold to a middleman that peddles them wherever possible.

National chains: Yes, believe it or not, many stores that carry closeouts, overstocks, and surplus merchandise get the items from national chains. Basically, when the store decides they cannot sell the items, or it looks like they would need to sell them for a loss, they unload them in an attempt to cut losses. As a result, the smaller stores that specialize in closeouts, overstocks, and surplus merchandise get the items.

A middleman: The middleman man is alive and well, especially when it comes to closeouts, overstocks, and surplus merchandise. The middleman adds a few bucks to his purchase price, so he makes a couple of bucks as well. The middleman is generally another company that buys up the deals and sells them to the other stores. Really, this is quite common.

Is there a catch?

 

 

 

Not really. Generally speaking, most stores that carry closeouts, overstocks, and surplus merchandise aren't trying to hide anything. It's really just a way for companies to offer competitive pricing on all sorts of items. In fact, this will allow people looking for items, perhaps as gifts, to save enough money to take the next "step up" in quality. As long as you are really careful when looking at returned items, and are sure you will still get a warranty, or at least an ability to return nonworking items, you should be just fine. There's nothing wrong with shopping for closeouts, overstocks, and surplus merchandise to save some money.

Where can if find them?

 

 

 

You can find great deals on closeouts, overstocks, and surplus merchandise by simply looking locally or online. You can find some great deals on discontinued items in large chains, which serves the same basic purpose, or you can check out the mom and pop stores in your area. If you would like to search online, a simple internet search will yield tons of results. It may also be wise to check out online sites like eBay or Craigslist to find great deals on closeouts, overstocks, and surplus merchandise in your area. You never really know where you will find the best deals.

 

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