Closeouts (also Liquidation):
Closeouts are generally considered to be excess from a previous season's production and are the result of changes in color, design, and fabric or missed deliveries. Closeouts by definition should all be first quality. Name-brand companies are left with billions of dollars in excess inventory each year and are forced to sell their excess inventory for several reasons: Products must be removed from shelves to make room for newer models; a change in financial circumstances or strategy may result in canceled orders; manufacturers may be downsizing or moving facilities; companies may need to reduce inventories for accounting reasons. As a result, the companies are forced to sell this first-quality inventory quickly and below their cost. Back to Top ^

Overrun (also Overstock):
Overruns are over production from specific cuttings or orders and are generally the result of the order not matching the amount of material needed. The amount of cloth needed to produce 30 shirts may actually be enough to produce 45 shirts and therefore we have a 15 shirt overrun. Overruns by definition should all be first quality. Back to Top ^

Department Store Returns (also Salvage Merchandise):
Customer returns include an extensive range of merchandise including products actually purchased and then returned by customers, in store damages, marked out of stock products and case packs that have been opened. Most of these products are sold by the truckload from various points around the country. The products are either sold as a percentage of the cost of retail or by the pallet. The store returns are less than perfect merchandise. The merchandise may be slightly damaged, missing a piece, discolored, or be in a damaged box.
On the other hand you usually get a large amount of products that are like new. A small percentage of the merchandise may have to be discarded. You are generally paying between 8-12% of the retail price. Even with a small throw away percentage and with some of the merchandise slightly imperfect, it turns out that you usually double or triple your money. Yes, there will be the occasional sour lemon, but if you continue to purchase the merchandise on a regular basis, you will see that it is worth your while. Back to Top ^

Surplus:
Any inventory, merchandise, or equipment that can no longer be sold at the regular retail or wholesale price, but still possesses value. Surplus is generally caused by discontinuations, overruns, closeouts or overstock. Most businesses have a need to liquidate 2-5% of their products as surplus. Back to Top ^

F.O.B.:
This stands for Freight on Board. Basically, it is the location where the merchandise is being shipped from. This is where we will send the truck to pick up your merchandise. Back to Top ^

Why would a company purchase Closeouts?
The off price industry accounts for hundreds of millions of dollars a year in retail sales. Discount retailers, swappers (flea market vendors), auctioneers, exporters, wholesalers and many other companies purchase these products. Closeouts are usually purchased at a substantial discount to first quality in line production. These discounts can be from 15% to 80% off first quality prices. These discounts are usually passed on to the consumer and afford a merchant the opportunity to promote a product at a discount to the market. Back to Top ^

What types of payment do you accept?
We accept Money Orders, Cashiers' Checks and Bank Wire Transfers. Bank Wire information will be attached to your invoice. Back to Top ^

What types of shipping methods do you use?
We ship by major trucking lines, railroad and by ship for Export, Alaska and Hawaii. We find that shipping bulk merchandise within the Continental US through major truckling lines is the most time and cost effective.
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How long after I place my order will it ship?
We usually ship within 48 hours or less when the merchandise is F.O.B. our warehouse, however, sometimes due to the volume of orders we receive we may be running behind, but we will get your order processed as soon as possible. When placing an order for a truckload or lot directly from the Department Store facility, it takes approximately 5-7 business days for you to receive your load. We must set up an appointment with the facility to have the merchandise brought to the dock and have the trucking company there at the specified time to pick up the load. Your Liquidation Overstock Sales Representative will remain in close contact with you while the merchandise is in route. You will get a call from the trucking company approximately 24 hours before the merchandise arrives for you to meet the truck. Back to Top ^

How much will my shipping cost?
Shipping cost is based upon the weight, class and amount of pallets of the shipment (for example: 3 pallets/900 lbs./General Merchandise Class). We only charge you what the shipping carrier charges us, we do not charge a handling fee. We receive up to a 60% discount from most freight companies, which we transfer to you for additional savings. Back to Top ^

Do you have a catalog?
No,we do not have a regular catalog, however,we can fax or email you a copy of our latest inventory listings. Our inventory changes on a daily basis and we would never be able to keep a proper catalog updated. Our product list has a detailed explanation of the merchandise, shipping location, pricing information and any other relevant information that you may need to know about the merchandise. If you ever have any questions, please feel free to contact us for clarification. Back to Top ^

How does Exporting Merchandise work? We have several Export companies that we work with when exporting merchandise around the world. They are there to assist you with Port to Port shipping, Point to Point shipping, customs and other important Export shipping aspects. Also, please visit our Export page for more information. Back to Top ^

Policy

Liquidation Overstock is a worldwide distributor, Importer and exporter of Department salvage/Store Returns and Closeout Merchandise , offering closeouts, liquidation merchandise, salvage, overstock, surplus, and a whole lot more at pennies on the wholesale dollar!

We have been in the closeouts business for many years, supplying to Wholesalers, Exporters, Retailers, Auctioneers, EBay, Brokers, Flea Market Vendors and Closeout Distributors. We carry all types of merchandise from Major Department Stores and manufacturers in the USA , from apparel closeouts and liquidation domestics to surplus electronics and overstock toys . We sell by the pallet, by the lot, or by the truckload.

As a result of our tremendous buying power, we have had the capability to pass big savings to YOU! We look forward to doing business with you and keeping you as a valued, long-term customer. Before you buy, give us a try!

The Customer shall not advertise any purchased Merchandise using the Department Store name(s), which list set forth above may be amended from time to time by the Company on notice to the Customer.  The Customer agrees that all labels and tags denoting in any way the Department Stores or this marks or other identifying features, must  be removed.  Anyone found advertising or not removing labels or tags bearing department store name(s) may, among other things, be permanently barred from purchasing merchandise from the Company.

Liquidation Overstock Closeouts is in the business of selling salvage/store returns, Overstock, New Shelf-pull and closeout liquidation merchandise.

What does the word "SALVAGE/RETURNS MERCHANDISE” or “OVERSTOCK, NEW SHELF-PULLS AND CLOSEOUTS LIQUIDATION MERCHANDISE MEAN”? Buying Salvage/Returns is the cheapest way to buy anything. It may contain a mixture of some good, bad, unpackaged, items with missing parts, damaged and new merchandise. In other words the good, the bad and the ugly. We cannot guarantee that every salvage load that you buy from us will be a winner, but in most cases, they are. If you are not satisfied with the load we will do our best to make it up to you on your next purchase. We are the best at obtaining quality salvage loads out there, and we do care very much about our customer's needs. We go the extra length to satisfy.

Buying NEW SHELF-PULLS, OVERSTOCK AND CLOSEOUTS LIQUIDATION MERCHANDISE is the most sufficient way of buying in bulk/large quantities. These may contain new items shelf-pulls, overstock, out of season, and liquidated merchandise. Most of the loads are in perfect condition with the tags and labels, but some on the other hand may have a slight chance of being slightly damaged due to shipping or human error.

Condition of Merchandise: All Merchandise is salvage, store returns, or other similar second-hand merchandise, and is sold As Is with no warranties of any kind or guarantees of any kind expressed or implied.  All Merchandise is sold As Is, with no refunds, returns, credits or exchanges offered or given.  Loads may be sold as bulk loads (with no wholesale value, percentage or piece count given).  The Approximate value stated for Merchandise is merely a number that has been provided to us by its providers as an estimate only of wholesale or retail value at the time of purchase and Liquidation Overstock in no way represents or guarantees that this is the true value of the products.

No representation is made as to packaging, style, selection, assortment, condition or seasonality of the Merchandise. The Department Stores shall and Liquidation Overstock., will not be held liable for any dissatisfaction with respect to the sale or quality of Merchandise.

Department store brand names: When it comes to the Department stores brand names, there will be a mixture of brands including private labels that the department stores carry. Do not expect only the top brand names. This is beyond our control.

Orders: All orders are subject to acceptance by The Company and prior sale of merchandise to other customers.  Such acceptance is conditioned upon Customer acceptance of these terms and conditions.

Shipping: The Customer will be held responsible for transportation costs from the distribution center(s) and/or warehouse(s).  All claims and/or shortages must also be submitted directly to the freight carrier. Make sure that you count the pallets and the shrink warp before singing and bill of lading. Liquidation Overstock will not be held responsible for any errors made by you or the freight carrier.