How We Get Our Merchandise
Walls purchases our merchandise from all over the United States through
numerous sources. Our pricing is based on the category of merchandise.
INSURANCE LOSSES
Due to Fires, Storms, Tornados, Hurricanes, Earthquakes, Frozen Pipe
Breaks and other Natural Disasters. Man-made Disasters like Truck and
Train Wrecks, Forklift and Construction Equipment Damage, etc.
FACTORY OVERPRODUCTION
When a Manufacturer contracts to make so many pieces of goods for a
retailer, they usually make an extra 10% to 20% to cover themselves in
case of irregulars or seconds. The manufacturer then is stuck with the
extra. We can buy this at way below what it originally sold for.
BANKRUPTCIES
Any type of Business that is unable to pay it's debts. There are
several type of Bankruptcies, some the Court orders that everything is
sold off, in some cases the Court or the Business decides to sell a
part of what they own to help catch up the debts.
VENDOR BUYBACKS
Often when selling a store a new line of merchandise similar to one it
already carries, the dealer agrees to buy all of the current store
stock so they will have room to stock his. The Dealer is then stuck
with another manufacturer's goods. We help them out.
LATE SHIPMENTS
The newest Retail Concept is "Just On Time" Shipping. When a Retailer
has something made or imported, part of the agreement is a Window,
(usually 1-2 weeks) that it can be delivered in so that the Retailer
can use less warehouse space. When the goods don't come in on time,
often the Orders get canceled and the Manufacturer or Importer gets
stuck with the goods. We help out these people too.
CLOSEOUTS
When a manufacturer changes it's product, (brings out a new model or
changes the look of their packaging), Retailers don't want the "old
one". So there are a certain amount left. We can help them out.
MISTAKE CLOSEOUTS
If a manufacturer comes up with a new idea, (let's say a Mousetrap).
It's a remarkable Mousetrap that really catches mice real well but the
cost is so high Retailers have to sell it for $50.00. They don't sell
very many because the old mousetraps sell for $1.00. We can usually
find a price that you will pay for it but unfortunately for the
manufacturer it's below what it cost to make it.
ADVERTISING BARTERS
When someone uses advertising to sell something, (those Late Night
Infomercials, etc.). Sometimes they don't sell near as many as expected
but they still owe the TV Station for the advertising, they give them
merchandise in trade. The TV Stations sell this off, (because they want
money not merchandise) to us way below wholesale prices.
ZEALOUS BUYERS
Buyers love to buy stuff, that's why they are Buyers. Sometimes "their
eyes are bigger than their purse" and they buy more than they can sell
in a season. We buy off their "Excess" at a Bargain and then they have
budget to buy more.
CATALOG BUYOUTS
A
Mail-Order House will buy a lot of merchandise before they send out
Thousands (often Hundreds of Thousands) of Catalogs. When they are
ready to come out with a new catalog, (normally every 2-3 months) they
have to decide what items to put in it. Even though that this item sold
well there is not enough left, or they don't have all of the sizes they
can't get more in time. So they sell off the leftovers to us at a
Bargain.
FACTORY SECONDS AND IRREGULARS
Factory Irregulars come from a Flaw, (sometimes called Slubs) in the
material that is used to make the item. Factory Seconds are actually
mistakes in making the item, hemmed wrong, or the print of the pocket
fabric does not line up with the rest of the garment, etc.
