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August 2016

Macy's Closing 100 Stores

As reported today in Commercial Property Executive, Macy's will be closing 100 stores, or roughly 15% of its properties, in 2017.  The company says it will be focussing on better performing stores and strengthening its online presence.  Macy's shares have fallen more than 40% in the past 12 months and profits have all but evaporated.

The impact this will have on inventory liquidation volumes remains unclear.  Inventory may be shifted to other stores rather than liquidated in place, but it would be wise to keep an eye on this.  Once the locations of the closing stores are made public, there may be some local opportunities to purchase product coming out of them.

 


Brand new appliances available for liquidation

There has been a very significant quantity of brand new (slightly older model) appliances selling on BStockSupply.com over the past month or two. The lots seem to be continuing and the inventory looks fabulous.  Dishwashers, refrigerators, washers and dryers have all been available in various quantities. Brands represented include:  Frigidaire, KitchenAid, Whirlpool and many others.  I would highly recommend taking a look.

Appliances


Liquidation of furniture from the Olympic Village in Rio

This is interesting.  You can now visit https://events.bstock.com and bid on the furniture and other fixtures being used at the Rio Olympics in the athletes' apartments!

There are 31 towers that will house around 18,000 athletes, coaches, trainers, etc.  Each of these apartments is furnished with the basic necessities (beds, couches, chairs, tables, wardrobes, etc.).  All of this furniture will be sold and moved out of the village immediately after the Olympics ends.  Well, you can bid on and purchase, in container load quantities, any of this stuff you like!

In addition to apartment furniture, they are selling crowd  control barriers, lockers, and other random assets.

This is a slightly different marketplace for the B-Stock Sourcing Network, since it is not selling inventory for a retailer or manufacturer, but for secondary market buyers, it represents a great opportunity nonetheless.  Check it out and get a piece of the Rio Olympic Games!