Put A Stop To Stealing Closeouts And Excess Inventory From Discount Stores.

liquidating closeouts, closing business operations, shutting down warehouse, closing 3PL warehouse, too much inventory, excess inventory buyers, sell overstock merchandise, liquidate inventory

Retail theft is a major problem for businesses of all sizes. In the United States, it is estimated that retail theft costs businesses over $50 billion per year. This money comes out of the pockets of consumers in the form of higher prices, fewer discounts, and fewer product choices. This mean special deals on overstock inventory, closeouts and discontinued products cost more to the consumer. There are many different ways to prevent retail theft. Here are a few of the most effective methods:

  • Install security cameras. Security cameras are a great way to deter shoplifters and catch them in the act. They should be placed in strategic locations throughout the store, such as near high-value merchandise and at entrances and exits. Closeouts of pet products and housewares liquidations are particularly attractive to shoppers and theifs alike. These would be good places to install cameras. Overstock inventory of garden products and tools are also desirable and worthy of cameras.
  • Use anti-theft devices. Anti-theft devices, such as tags and sensors, can be used to prevent shoplifters from stealing merchandise. These devices should be used on high-value merchandise and on items that are easily concealed, such as cosmetics and small electronics. The whole idea behind offering consumers great deals on liquidation stock, excess inventory and closeouts is to keep retail prices low. But the cost of stealing is so high that it can actually increase the cost of goods to the consumer.
  • Train employees to be aware of shoplifting. Employees should be trained to be on the lookout for shoplifters and to know what to do if they see someone stealing. They should also be able to identify common shoplifting techniques.
  • Enforce a strict return policy. A strict return policy can help to deter shoplifters who are hoping to return stolen merchandise for cash. The policy should be clear and easy to understand, and it should be enforced consistently. Closeouts and special deals on overstock inventory or liquidations should be non refundable so they cannot be stolen and returned for cash. Savvy consumers will recognize great deals on overstock inventory and won't need the return option. If you are liquidating inventory at a loss or small margin, it is acceptable to not be able to return these goods.
  • Educate customers about shoplifting. Customers should be educated about the problem of shoplifting and the consequences of stealing. This can be done through signage, in-store announcements, and social media campaigns.

How Theft Increases the Cost to Consumers. Retail theft has a number of negative consequences for consumers. First, it drives up prices. Businesses need to make up for the money they lose to theft by raising prices on their products. This means that consumers end up paying more for the things they buy. Discontinued inventory and closeouts have already been marked to to cost or below. Getting rid of old inventory is an essential part of running a business. But having these products stolen is even more costly than discounting them to get inventory out of the warehouse.

Second, theft leads to fewer discounts. Businesses are less likely to offer discounts when they are losing money to theft. This means that consumers have fewer opportunities to save money on their purchases. Today's consumer expects to find great deals on closeouts and discontinued inventory. Store owners use excess inventory as a way to promote goods, offer low prices, and clear old stock from the warehouse.

Third, theft leads to fewer product choices. Businesses may be forced to discontinue selling certain products if they are being stolen too often. This means that consumers have fewer options to choose from when they are shopping. Today's consumer is being pinched by high rents, high interest rates, and increased food costs. They have little left for discretionary spending so they demand closeouts, discontinued products and excess inventory offering lower prices. They shop Amazon Prime Day for deals and discount stores for inventory liquidations. Companies that buy in bulk distribute these goods to discounters willing to work on small markups to get rid of bulk inventory and unwanted inventory. The closeout process is simple, but it doesn't work when goods are being stolen.

In addition to these direct costs, theft also has a number of indirect costs. For example, businesses may need to spend more money on security measures to deter theft. This can lead to higher prices for consumers.

Theft of Housewares and Pet Products. Closeout housewares and closeout pet products are two categories of merchandise that are particularly vulnerable to theft. This is because they are often small and easy to conceal. In addition, housewares and pet products are often high-value items, which makes them more attractive to thieves. Theft of overstock housewares and excess inventory of pet products can have a significant impact on consumers. First, it can lead to higher prices. Businesses need to make up for the money they lose to theft by raising prices on their products. This means that consumers end up paying more for the things they buy.

Second, theft can lead to fewer product choices. Businesses may be forced to discontinue selling certain housewares and pet products if they are being stolen too often. This means that consumers have fewer options to choose from when they are shopping.

Third, theft can lead to a decline in the quality of overstock housewares and overstock pet products. Businesses may be forced to use lower-quality materials or components in order to reduce costs. This can lead to products that are less durable and less reliable.

What You Can Do to Help Stop Retail Theft. There are a number of things that you can do to help stop retail theft of closeouts, overstock inventory and excess merchandise. Here are a few ideas:

  • Be aware of your surroundings when you are shopping. If you see something suspicious, report it to a store employee.
  • Don't leave your shopping cart unattended. Shoplifters often target unattended shopping carts.
  • Be careful when paying for your purchases. Don't let anyone distract you while you are paying.
  • If you see someone stealing, report it to a store employee.
  • Educate yourself about the problem of retail theft. The more you know, the better equipped you will be to help stop it.

Companies that have to get rid of excess stock may sell to discounters who offer low margins, or they can sell to inventory liquidators specializing in buying and selling overstock inventory for profit. The companies by closeouts of pet products, housewares, overstock inventory of home goods and lawn and garden products as well as stationery, toys and closeout sporting goods.

Merchandise USA has been in the closeout business more than 38 years. We can help you with the liquidation process and closeout process for any category. Whether you are shutting down your warehouse or just need to closeout products on a limited bases, we can help. It doesn't matter if you are downsizing a warehouse and liquidating your

entire inventory, or just wanting to get rid of some old pet products and toys. We can make the liquidation process easy and pain-free.

If you are looking for a closeout company to help you get rid of old stock, consider a simple Google search using these terms: Sell closeouts, closeout brokers, liquidating entire inventory, liquidation process, get rid of inventory, shutting down operations, closing business liquidating entire inventory and closeout buyers.