Overstock to get rid of returned items in public auction
01.01.70
A preview day is set for Wednesday between 10 a.m. and 4 p.m.
The auction, at at 1790 S. 4800 West, will be Thursday at 10 a.m., and everything is expected to be sold within a few hours. To see a product list, go to http://salesandauction.com/images/stories/files/o.co.pdf. Pictures of some of the items are also posted on salesandauction.com .
“Overstock has put these pallets together and wrapped them up," said Rob Olson, owner of Erkelens and Olson Auctioneers, "and it’s like a warehouse full of Christmas presents.”
Returns are a fact of life in retail, and through the years, Overstock, one of the nation's largest online retailers, has taken returned items and sold them to liquidators and wholesalers that in turn resell it. But this year, Overstock will give the general public an opportunity.
“We kind of call it revenue recovery,” said Carroll Marale, vice president of supply chain for Overstock. “We’ve already taken part of a loss, so we’re just trying to recover some of it and still be a good corporate citizen.”
Source: Deseret News
American Apparel Brings Pop-Up Warehouse Sale to New York City
01.01.70
/PRNewswire/ -- American Apparel, Inc. (NYSE Amex: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel is announcing the opening of a pop-up warehouse sale in New York City. The nearly 24,000 foot store, located at 766 Avenue of the Americas (Sixth Avenue) between West 25th and West 26th Streets, will feature more than 160,000 garments at up to 90% off for 11 full days (Dec 16th-27th).
(Photo: http://photos.prnewswire.com/prnh/20111213/LA21657 )
"This is the first time we've ever put a show this big on the road--almost 20 of our trucks are driving cross-country right now to stock and set up for this sale. We wanted to bring something special to New York City for the holidays and recreate the kind of scale and spectacle that we usually can only do at our actual factory in downtown Los Angeles," Marsha Brady, a creative director for American Apparel said.
More than 50,000 people have attended American Apparel warehouse sales in recent months in Los Angeles, London, Berlin, Montreal, and Miami. The New York City sale is set to be American Apparel's biggest yet, with nearly 10,000 RSVP'd guests.
Source: Sacramento Bee