Retailers suffered through an awful holiday season, and for many, the trouble is far from over. But for some companies, a dismal retail environment can actually be good for business. It's a high time for companies that specialize in offloading inventory, like GBY Liquidations.
You might say that GBY Liquidations is in the "life after retail" business — it takes on the items stores don't sell and markets the stuff itself into secondary markets — often at a major discount off of the original wholesale price.
"Anything you imagine that’s in the market," says Gabriel Leoni , Ceo of GBY Liquidations, "it's going to be available to sell off."
At GBY Liquidations warehouse in Biloxi,Mississippi, and over 20 different third party shipping locations forklifts move around merchandise stacked almost to the ceiling. Hemphill says more than $5 million worth of electronics,toys,clothing,shoes,etc. comes through GBY Liquidations distribution points almost every month.
"Top Name Brands way below wholesale” Gabriel Leoni says that’s why the customers come back. They can make money with these inventories, And they are not buying through a daisy broker chain.
Right now, there are a lot of Clothing,Shoes,TV’
"Let's say the new model comes out and they have a whole bunch of boxes full of last year's model still in a warehouse. They need to sell those, get that asset off the books, and they need to clear out space in the warehouse to take shipment of new product," explains Gabriel Leoni, the company's CEO. "So there's a lot of reasons that they can't afford to have this stuff just pile up in a warehouse somewhere."
GBY turns around and sells the products directly to Liquidators,Ebayers,Mom & Pop retailers,Flea Market vendors,Exporters through its Website, gbyliquidations.com and warehouses.
Gabriel Leoni says that once the holiday sales are over, his company will be very busy. And, if predictions about retail bankruptcies continue their will be an influx of merchandise to sell.
David Hemphill, a retail analyst and owner of Retail Excess News has been one of the loudest voices predicting store closings and bankruptcies in 2009.
Gabriel Leoni says “This is only the beginning wait for the announcements of companies going out of business and closing shop it is going to be a brutal year for retailers."
