Client
International Fashion Retailer
Assets Handled
1.2 Million Units of Surplus Inventory & Customer Returned Items
Contract Duration
3 Years
Service Coverage
Surplus and Returned Inventory Processing and Auction
Objective
An international fashion retailer engaged us to manage the phased clearance of 1.2 million units of surplus inventory over a 3-year period. Additionally, the retailer required a solution to process and auction customer returned inventory, aiming to recover value while maintaining operational efficiency.
Key Services Provided
Tailored Auction Strategies
Utilizing our established auction platforms, we created a tailored strategy to handle both surplus and returned items. By targeting specific markets and adjusting the auction process based on asset types and market demand, we ensured a seamless and effective sales process.
Customer Returns Processing
We worked closely with the retailer to streamline the processing of customer returns, providing a fast and efficient auction route for these assets. This helped reduce warehouse congestion, manage returns effectively, and generate additional revenue.
Phased Clearance of Surplus Inventory
Over a 3-year period, we managed the clearance of 1.2 million units of surplus fashion inventory. By strategically timing the auction of these items, we ensured steady market absorption and competitive pricing, maximizing financial recovery for the retailer.
Outcomes
Through our comprehensive approach, the retailer successfully cleared 4 million units of surplus inventory over the 3-year contract, while also efficiently managing customer returns. Our phased strategy ensured that the retailer maximized asset recovery, minimized losses, and maintained operational efficiency throughout the process.