What is closeout merchandise?
Cloesout merchandise is inventory that does not sell well, or in the case of the final closure of a retailer, because of a relocation, a fire, or of a bankruptcy.
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What does salvage merchandise mean in retail?
Salvage merchandise is merchandise that has been exchanged, returned, or shelf pulled for any reason.
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How do you sell excess inventory?
We sell directly to wholesalers, dealers, online/offline retailers and importers/exporters.
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What is FSN classification?
FSN stands for fast-moving, slow-moving and non-moving items. Essentially, this segments inventory into three classifications. It looks at quantity, consumption rate and how often the item is issued and used.
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