Liquidation Sources Exposed Thank you for your purchase There fact that you purchased this guide shows that you are more than likely tired of viewing countless websites showing the same pallets and truckloads of merchandise. If you have completed any research at all you have probably have come to the conclusion that every Broker and wholesale liquidation company is buying from one source. You are a few pages away from discovering this source. The big box stores contract with one reverse logistics company to process millions of dollars of returned, overstock and surplus merchandise that is sold to by the pallet and truckload to end resellers like yourself. There are liquidation wholesalers who buy large truckloads and then resell on w wholesale level by the pallet. Some of the more successful liquidators have large warehouses where you can go and pick your pallets out. The Internet is filled with thousands of Brokers who never touch the merchandise they sell. Maybe you have bought a pallet or two from a Broker. More than likely your experience was “less than” expected. This guide was written to help you understand where to buy and maximize your spending budget. This guide will explain where all of the big wholesalers buy their loads from. This guide will also allow you to stop buying from Brokers and buy directly from the Brokers' source! Why should you continue to pay a Brokers commission when you can buy direct? Please read through this guide carefully as I have created a step by step process guiding you through each step of the way.
What Is A Liquidator? A liquidator distributes merchandise that is considered surplus and/or salvage. A liquidator can get merchandise from a variety of sources including retail customer returns, stagnant inventory, last seasons models, overstock, canceled orders and other means. The Liquidators main audience for this type of merchandise is simply anyone that is searching for wholesale merchandise to resell. Possible clients of a liquidation company can include Ebay sellers, small retail store owners, Flea Market vendors and exporters. Some Liquidators will purchase this type of merchandise in large quantities and then resell to anyone wishing to buy at below wholesale pricing. Obviously the Liquidator is in business to make money so all merchandise is marked up before it is offered to the end reseller. Not all Liquidators actually warehouse the merchandise they offer for sale. Hence the term Broker. If Liquidation Company is offering a specific pallet or truckload of merchandise that they do not own this is called brokering. The liquidator would list as many details including pictures if available of the merchandise adding their commission or profit to the sales price. When a reseller purchases the pallet or truckload the liquidation broker simply buys the pallet or truckload at that time and then arranges shipping to the client. I will stress at this point that there is nothing wrong with a broker who educates his clients and represents the merchandise being brokered in an honest manor. Also a prudent broker will not mark a pallet or truckload up so high that an end reseller cannot make a profit after freight charges. I would like to say all brokers act in an ethical manor adhering to the principles I outlined about, but this is simply not the case. Due to a few reasons mentioned above about the way a broker might choose to transact business is more than likely the reason you have purchased this guide with the intent to “Bypass” the Broker and get to the direct source for liquidated merchandise. You have made a wise decision.
Two major categories of Closeout Merchandise include: Customer Returns - Merchandise that has been purchased at retail level and then returned to the original store for various reasons. Some returns are defective, broken or simply returned for no apparent reason at all. A consumer might return merchandise because it was bought in haste or by impulse. In this scenario if the original packaging is not intact or missing a component the retailer will deem it salvage. Defective or broken merchandise is a tricky area; often products can be repaired if you have the skill required. You should expect a percentage of damaged and/or irreparable items when purchasing customer returns. Every pallet and truckload will vary in defects/damages. Shelf Pull Merchandise - Products that were previously on the shelf in a retail store but were never sold. They may have multiple price tags/stickers on the packaging or they may have been display models showing use and missing parts. Typically considered undamaged, shelf pull merchandise will require a little work in appearance prior to reselling, for example apparel might need to be steamed or pressed before merchandising.
Your First purchase – When it is delivered This is an exciting time having just received your first pallet or truckload of closeout merchandise! Once you have the pallets moved to an area where they will be stored you will want to start the tedious task of visually inspecting and taking inventory. Depending on the type of merchandise you bought your merchandise will be either in a large Gaylord box (on the pallet) of which you will have to remove piece by piece or in multiple boxes stacked on a pallet. I would highly recommend you have ample room to sort through your pallets one at a time. Depending on how you plan to resell the merchandise will determine how much you have to go through at any one time. For example if you are selling piece by piece on Ebay you can work through one pallet at a time. This is the preferable method as your pallet can contain hundreds of items. Obviously if you are selling your merchandise in a store or at the flea market you will have to inventory piece by piece and prepare for merchandising.
I want to buy closeouts from a specific store?
This guide will explain how and where to buy from. It should be noted that the following stores use a third part reverse logistics company to resell their shelf pulls, customer returns and salvage. There is no other way to purchase liquidation merchandise from these stores. All liquidation companies including brokers are buying pallet and truckloads of this merchandise from the reclamation center we are about to disclose to you.
The stores in no particular order are:
Sears
Walmart.com
Kmart
Dicks Sporting Goods
JC Penney’s
Target
Kohl’s
Zeller’s
Best Buy
Orchard Supply Hardware
Macy's and Bloomingdale's have their own Liquidation Department, you will find full contact information for Macy's and Bloomingdale’s at the end of this guide.
Step One The website where you can sign up to become a buyer and view all current manifested pallets and truckloads:
WWW.Genco.Com The home page has a bunch of links, however you want to click on the link that says Genco Marketplace, which is in the lower right hand corner
Step Two Click “Register” which will allow you to have full access to the current listings and set up you account with Genco.
Step Three You will need to create a login and password and then fill out your companies information including Name, Address, Email and phone numbers.
Step Four Download the terms and conditions for each store you want to purchase from. Signed copies will need to be faxed into Genco at: 425-977-8950 along with a copy of a valid business license and tax certificate **See chapter 3 for example
Step Five: Transmit all information via the secured form you just filled out. Make sure to fax in the signed and dated store terms and your business license and resellers permit. Genco will then review your application and contact you when your application is approved. Once you have been registered as a buyer with Genco and have secure access by login and password to Genco's on line dashboard. You will notice there are two easy ways to purchase pallets and/or loads of merchandise. You can bid on loads after clicking the Auction tab or move over to "Fixed Price" loads. Obviously with the auction category the loads will be sold to the highest bidder upon auction close. Fixed Price simply means you purchase at a pre-determined percentage of original vendor cost. Once you decide on either auction or fixed price you will note that you can search for item by category.
There are sixteen categories of merchandise including: **Your cost percentage will vary due to actual store you are purchasing from
Category Apparel Auto Baby Computer / IT Domestics Electronics Food Furniture General HBA Hardware Jewelry Shoes Sporting Toys
Average Cost 15-22% Varies when available 13-18% Varies when available 15-26% 17-22% Varies when available 19% 12-15% Varies when available 9-15% As low as 10% 20-40% 13-18% 13-18%
Here is an example of a sellers permit: Further Sellers Permit Information Can Be Found Here
In general, it is unlawful for any person, to carry on any business, trade, profession, calling, occupation or gainful activity without a seller's permit if the business buys to resell or sells wholesale or retail taxable services or tangible items. A Resale License (same as a sales tax id, wholesale, reseller's or reseller) is the same as a Seller's Permit, Sales Tax Certification, Wholesale License
What is a business License?
Freight Shipping Once you have purchased your pallet(s) or truckload you will need to arrange freight. One of the easiest ways to get started with freight shipping is to use a service called FreightQuote.Com which is a large freight brokering company. FreightQuote will offer several quotes from several different companies You are free to choose the carrier and rate that best meets your budget
The service they offer is very user-friendly especially for those who are new to shipping by pallet or truckload. It is easy to get started...Your first step is to register for a New Account
CH Robinson is another large freight Broker. CH Robinson operates in every State and chances are they have a terminal near you home or business.
CH Robinson Corporate and Terminal list
Common Questions Answered Q) Will I need a forklift to unload my pallets? A) A forklift will make unloading much easier. An actual loading dock would be the best situation, but most of those reading this probably do not have either. You have a couple of options including arranging with a local business to receive your shipment for a predetermined fee or having your shipment left at the nearest freight terminal. You can then pick your merchandise up using a large truck and/or trailer on your schedule. Q) Where can I purchase an economical pallet jack?
A) Watch your local newspaper for used pallet jacks or industrial equipment auctions. New pallet jacks can be purchased through Harbor Freight for about $279.00 Q) Will the freight company deliver to my residential address? A) Yes with an extra fee usually between $25-$75 Q) How much extra will it cost to have a lift gate truck deliver my pallets? A) A lift gate truck for delivery will add between $50-$100. Please note most lift gate trucks will hold a maximum of 10-12 pallets. There are not too many 53' trailers (24 pallet capacity) offering lift gate services
Q) I live in an apartment complex...Will this be a problem? A) The trucks that will deliver your pallet(s) are too large to maneuver through an apartment complex. You will need to arrange to have your merchandise delivered to a business address or to a terminal closest to your home Q) How will I know when my shipment will arrive? A) All major trucking companies will either have web tracking or a customer service phone number where you can call and get delivery details Q) What is the best way to save on shipping costs? A) The best way to save is to purchase as many pallets as you can afford at any one time. This will lower your per pallet freight costs dramatically
Direct Liquidation Program Macy's & Bloomingdale's
877 - MACY- BLM
[email protected]
East Coast Sales 11 Perina Boulevard Cherry Hill, NJ 08003 Contact: Donato Gaspari
Midwest Sales 3728 Market Street Saint Louis, MO 63110 Contact: Jeffrey Groh
Midwest Sales 300 Rock Industrial Park Drive Bridgeton, MO 63044 Contact: Jeffrey Groh
West Coast Sales 3880 North Mission Road Los Angeles, CA 90031 Contact: Vee McElroy
Chicago Sales 4000 West Diversey Chicago, IL 60639 Contact: Joaquin Quintero
Chicago Sales 601 Midpoint Road Minooka, IL 60447 Contact: Joaquin Quintero
Southwest Sales 2103 Ernestine Street Houston, TX 77023 Contact: John Taylor
Division Jobouts 500 Meadowlands Pkwy Secaucus, NJ 07094 Contact: Sonia Cardona
Home Office 401 Clearview Road Edison, NJ 08837
Liquidation Program & New Client Information Thank you for your inquiry regarding our programs and products. This document describes the four different programs / merchandise types that Macy’s Inc. Liquidation currently offers. Also included are our pricing, policies, terms and conditions in addition to the data requirements necessary to populate the client database. Upon receipt of all data and being approved as a registered client with Macy’s Inc. Liquidation notification of available product that may meet your specified merchandise preferences will be provided either by means of our Liquidation website or e-mail. We look forward to doing business with you and please do not hesitate to call or e-mail us with any questions. Our Sales Offices can be reached by calling 877 MACY-BLM (877-622-9256) or by emailing
[email protected].
Contents New wholesale suppliers added every week..........................................................................................1 Customer Returns..................................................................................................................................4 Store Stock............................................................................................................................................6 Division Jobouts ....................................................................................................................................7 Floor Ready...........................................................................................................................................8 Invoicing and Payment Procedures ....................................................................................................9
New York, NY 10286.....................................................................................................................9 Account # 8900554274 (Macy’s Inc.)..........................................................................................9 Shipping Policies and Procedures.........................................................................................................9
The following is a Quick Reference Guide for determining the trailer size that will be required to pick up a shipment:............................................................................................10 Terms and Conditions..........................................................................................................................11 Client Registry Requirements...............................................................................................................11
Company Name................................................................................................................................12 Tax ID Number................................................................................................................................12 Zip Code.....................................................................................................................................12 Zip Code.....................................................................................................................................12
Customer Returns Customer Returns represent merchandise that cannot be sold by our retail stores due to the product being previously purchased or not first quality. The majority of this merchandise will vary from almost first quality (i.e., returned by a customer due to preference) to slightly distressed (i.e., broken zippers, missing a button, make-up stains, extreme wrinkling). Customer Return lots on average contains approximately 15% to 20% of highly distressed merchandise. Macy’s Inc. stores send non-saleable merchandise to a Central Return Center (CRC) where items are scanned and sorted by merchandise category. Merchandise is from all Macy’s Inc. store locations (Macy’s and Bloomingdale’s) and will vary upon availability. Customer Return merchandise is sold by pallet by category and the pricing is based on a percent of the original vendor cost, which will vary, by category. Lists of Customer Returns pallets available for sale will be posted weekly on the Liquidation website. Merchandise Category
Accessories Bedding & Accessories Children’s Apparel & Accessories Cosmetics, Bath & Body Dresses, Suits & Coats General Merchandise (mixed category) Handbags Home Décor & Gifts Housewares/Kitchen Intimate Apparel & Pajamas Jewelry Junior’s Urban Wear Luggage & Travel Accessories Men’s Dress Shirts & Accessories Men’s Shoes Men’s Sportswear Men’s Suits & Coats Socks & Hosiery Stationary, Gift Wrap & Cards Tabletop, Glass & Table Linens Towels & Bathroom Accessories Women’s Activewear Women’s Designer and Better Apparel Women’s Moderate Apparel Women’s Shoes Young Men’s /Urban Wear
Client % of Cost
8% 20% 22% 19% 19% 10% 35% 21% 30% 19% 15% 19% 25% 20% 29% 22% 22% 3% 21% 21% 20% 16% 16% 16% 29% 27%
A Central Return Center Scan Line A Central Return Center Scan Line
A Pallet of Customer Returns Merchandise A Pallet of Customer Returns Merchandise
Store Stock Store Stock represents first quality merchandise that has exceeded Macy’s Inc. store’s aging standards and must be removed from the selling floor in order to accommodate new merchandise. Store Stock lots can contain a small percentage of slightly distressed product (i.e., from fitting room damage), not to exceed 5%. Macy’s Inc. stores collect this merchandise and ship it to a Central Return Center (CRC) where it is scanned and consolidated with similar merchandise from other stores. Due to the fact that Macy’s Inc. stores do not return goods at the same time, Store Stock lots generally will contain a wide assortment of merchandise, which is inclusive of all of the Macy’s Inc. selling divisions (Macy’s and Bloomingdale’s stores). Store Stock merchandise is sorted by merchandise category and sold in lots that normally range from 1 to 6 pallets. Pricing for Store Stock merchandise is based on a percent of the original vendor cost by category of merchandise. Lists of Store Stock lots that are available for sale are e-mailed or posted weekly on the Liquidation website. Merchandise Category
Accessories Bedding & Accessories Children’s Apparel & Accessories Cosmetics, Bath & Body Dresses & Suit General Merchandise (mixed category) Handbags Home Décor & Gifts Housewares/Kitchen Intimate Apparel & Pajamas Jewelry Junior’s Urban Wear Luggage & Travel Accessories Men’s Dress Shirts & Accessories Men’s Sportswear Men’s Suits & Coats Shoes Socks & Hosiery Stationary, Gift Wrap & Cards Tabletop, Glass & Table Linens Towels & Bath Accessories Women’s Activewear Women’s Coats Women’s Designer and Better Women’s Moderate Apparel Young Men’s / Urban Wear
Client % of Cost *
10% 22% 35% 25% 20% 14% 40% 25% 35% 23% 25% 20% 30% 20% 20% 25% 30% 13% 25% 25% 22% 20% 25% 20% 20% 32%
Pallets of Macy’s Inc Store Stock Merchandise
Pallets of Macy’s Inc Store Stock Merchandise
Division Jobouts Division Jobout merchandise consists of first quality store floor overstock that either a Macy’s or Bloomingdale’s buyer designates to be sold. At the end of a selling season, all designated merchandise is removed from a retail-selling floor, boxed and then forwarded to a Central Return Center (i.e. all winter coats are removed from the selling floor mid-spring to make room in the stores for swimwear). The Central Return Centers palletize the shipments by Jobout lot number and store location. Division Jobout merchandise is not mixed with another division’s merchandise (i.e., Macy’s goods are never mixed with Bloomingdale’s) and the merchandise is predominantly category driven with assortments of a certain targeted category (coats, swim, shoes, suits etc...). The goods are available by selling store(s) so that one may obtain a full size and color range. The seasonal nature of the product as well as the selling departments included in each lot can be provided upon request. Our typical offerings include merchandise from the following categories: Women’s Shoes, Women’s Apparel, Men’s Apparel, Swim wear, Coats, China, Furniture and Mattresses. Pricing on Division Jobouts varies by lot based on the quantity of units as well as vendor and product assortment. Lists of Division Jobout lots available for sale are e-mailed or posted weekly on the Liquidation website.
Floor Ready The Macy’s Inc. Floor Ready program offers clients the ability to purchase Store Stock, first-quality merchandise in smaller quantities and in more specific merchandise categories. This program is not available at all locations due to space constraints. Floor Ready merchandise is hung and sorted by merchandise classification (dresses, sportswear, juniors) and/or vendor (designer, brand names, private label brands). Merchandise may be purchased by classification in pre-sorted lots (generally 500 – 1500 units), by Designer/Brand Name or by the unit. Quantities are limited and listings of products offered will only be e-mailed or posted weekly on the Liquidation website as the merchandise becomes available. New Clients must indicate that they would be interested in the Floor Ready program on their Client Registration Form in order to receive product availability notices. Prices will vary based upon designer, brand name and merchandise category assortments. Merchandise Category
Client Cost per Unit Starts At*
Dresses & Suits Designer Apparel Better Branded Sportswear Better Private Label Sportswear Moderate Sportswear Juniors / Urban Wear Activewear
$16.00 $12.00 $9.00 $5.00 $4.00 $7.00 $5.00
Floor Ready Hanging Merchandise
SPECIAL FLOOR READY LOTS CAN BE BUILT UPON REQUEST; HOWEVER SPECIAL ORDER CHARGES WILL BE APPLIED TO THESE SHIPMENTS. CHARGES WILL VARY BASED ON EACH SPECIFIC REQUEST AND MERCHANDISE SOURCE LOCATION.
Invoicing and Payment Procedures
Upon receiving a verbal and/or written commitment to purchase merchandise from a client, an invoice will be processed by the appropriate Sales Office. A copy of the invoice will be emailed or faxed to the purchasing client.
Payment is required within five (5) days of receipt of an invoice. Failure to provide payment per these terms will result in suspension from further purchase transactions and the assessment of late fees.
Macy’s Inc. Liquidation only accepts Bank Wire Transfer payments. Additional bank fees required for all out of country transactions.
Wire transfer payments must be sent to: The Bank of New York 101 Barclay Street New York, NY 10286 Tel: 800-332-4550
Account # 8900554274 (Macy’s Inc.) ABA # 021000018
Wire transfer confirmations usually take 24 hours. Purchased products will be released for shipping once payment confirmation is received from our Finance Department.
Shipping Policies and Procedures
The Shipping Department at the site where you purchased your merchandise will contact the client within 24 hours of receiving the release notice from the Sales Office. Clients will be provided an appointment number, date and time to pick up their purchase within 72 hours of payment confirmation. Clients and/or their third party carriers are expected to meet their appointment dates and times or they risk being turned away without their merchandise.
Macy’s Inc. Liquidation WILL automatically ship merchandise via Roadway, at the client’s expense, if the client or their designated carrier fail to arrive to two (2) consecutive scheduled appointments.
The Shipping Department contact for the purchase location will assist with any issues or inquiries the client and/or carrier may have regarding merchandise pickup or a prepaid shipment.
Macy’s Inc. Liquidation WILL ship all merchandise on a “prepaid” basis to clients who make no attempt to schedule a shipping appointment within five business days. Shipping charges will be incurred by the client and added to the client’s next order.
Clients and/or their third party carriers must have an appointment number in order to enter one of our sites to pick up merchandise. Drivers MUST enter the facility to physically verify the load and sign the Pick-up Sheet and/or the Bill of Lading.
Trailer seals provided by a client can be secured by our Shipping Department for full trailer/container load shipments. Macy’s Inc. Liquidation is released from liability of pallet shortages once a client and/or their designated carrier have signed a freight bill or Macy’s Inc. Bill of Lading document. Clients may not inspect carton contents within a facility shipping dock. Only carton and pallet count verification are permitted.
Shipping Policies and Procedures (cont.)
Trailer height must allow the ability to load your pallets onto the transportation equipment using a forklift. Due to dock height, vans and cars cannot be accommodated at our warehouse doors.
Special Handling options are available for an additional fee. Requests for any Special Handling must be made in advance (prior to an invoice being prepared): Options
Double-Stacking Pallets Top Loading Cartons Weigh-In’s (excluding Roadway) Floor Loading Trailers/Foreign Container
Cost
$250 per trailer $250 per trailer $20 per pallet $750.00 per trailer/container
Please note, any cancellations of or failures to meet a Special Handling appointment WILL result in an additional charge to the Client
Macy’s Inc. Liquidation offers domestic LTL shipping through Roadway at a reduced rate.
Macy’s Inc. Liquidation does NOT offer international shipping services. A list of Logistics / Transportation companies that can provide these services can be provided upon request.
Any questions or issues regarding merchandise pick-up or appointments can be directed to the Shipping Department for the Macy’s Inc. facility where your merchandise is located: Facility Los Angeles South Windsor Tampa Stone Mountain Chicago Saint Louis Cherry Hill Secaucus North Jackson Houston
State CA CT FL GA IL MO NJ NJ OH TX
Main Tel # 323 227-3415 860 282-3016 813-805-5686 770 491-2535 773 202-6626 314 658-3219 856 489-6143 201 863-3250 ext. 4065 330 538-6183 713 924-3333
Alternate Tel # 1 323 227-3977 860 282-3082 813-805-5254 314 658-3393 856 489-6189 201 863-3250 ext. 4108 330-538-6027 713 924-3371
Alternate Tel # 2 323-227-2556 813-805-5458
856 489-6151 201 863-3250 ext. 7317
The following is a Quick Reference Guide for determining the trailer size that will be required to pick up a shipment: Trailer Size
Maximum Pallets
28 Feet 40 Feet 48 Feet 53 Feet
12 20 24 26
Terms and Conditions Please note that failure to adhere to our Payment and Shipping Policies as well as our Terms & Conditions for Purchase can result in termination of a company as a Macy’s Inc. Liquidation client. Please note that Macy’s Inc. Liquidation reserves the right to access and charge merchandise storage fees as well as late payment fees. We admit that we are not perfect and that it is possible for merchandise for another shipment to be included in your purchase. We do not reconcile these types of discrepancies, however we do endeavor to correct future issues. All discrepancies must be reported to our Sales Office of the Shipping Department from the site the purchase was shipped from within ten (10) days of receipt of the merchandise.
Client Registry Requirements
Complete the Macy’s Inc. Liquidation New Client Registration form on the following pages and fax the documents to the number indicated.
All required information must be legible and complete.
Sign & date the form to acknowledge agreement to our Payment Policies, Shipping Policies, and Terms and Conditions.
Once the complete information has been added to our client database, notification of our available product will be provided.
Contact our Sales Offices with any questions or concerns. Call 877-MACY-BLM (877-622-9256) or e-mail
[email protected].
Welcome to the Macy’s Inc. Liquidation Department & enjoy your shopping experience!
Liquidation Program - New Client Registration Company Information Company Name Primary Contact Name
Secondary Contact Name
Primary Contact Phone
Secondary Contact Phone
Primary Contact Cell
Secondary Contact Cell
Primary Contact E-mail
Secondary Contact E-mail
Type of Company (Retail Store, Jobber, Broker, Exporter, Internet Seller, Wholesaler or Specify Other):
Exporter License # (International Only)
Tax ID Number
Bill to Information Stress Address City
State/Province
Zip Code
Country
Country Code
Fax Number
Ship to Information (if different from Bill to Information) Stress Address City
State/Province
Zip Code
Country
Country Code
Fax Number
(If using more than one ship to address, please note on a separate page and include this with your registration) Other Information
Have you ever been a registered client with Macy’s Inc.?
___ Yes
What is your preferred shipping origin? __ East Coast
Does your company have stores or divisions that operate under a different company name than the one you indicated in the Company Information section? ___ No ___ Yes (please note any additional names):
__ Southwest
___ No __ West Coast
__ Midwest
__ All
Liquidation Program - New Client Registration (cont.) Macy’s Inc. Liquidation Program Preferences (check all that apply): ___ Store Stock
___ Customer Returns
___ Division Jobout
___ Floor Ready
Merchandise Category Preferences (check all that apply): ___ Accessories ___ Bedding & Accessories ___ Children’s Apparel & Accessories ___ Dresses, Suits & Coats ___ Cosmetics, Bath & Body ___ General Merchandise ___ Fine China ___ Furniture
___ Housewares ___ Intimate Apparel ___ Jewelry ___ Juniors Urban ___ Luggage & Travel Accessories ___ Men’s Sportswear ___ Men’s Suits & Coats ___ Handbags
___ Tabletop, Glass & Table Linens ___ Socks & Hosiery ___ Women’s Designer & Better Apparel ___ Women’s Moderate Apparel ___ Women’s Shoes ___ Men’s Shoes ___ Mattresses ___ Young Urban Wear
Other Preferred Merchandise Category(s): ________________________________________________________ Confirmation of Agreement to Policies, Terms & Conditions Please confirm that you have reviewed and understand Macy’s Inc. Liquidation Department’s policies and procedures for payment and shipping as well as all of our terms and conditions. Please acknowledge your agreement to follow these requirements as they are outlined in the Macy’s Inc. Liquidation New Client Information document, for all purchases that your company may make, by signing and entering today’s date below:
All Product is Sold As Is - All Sales are Final - No Returns - No Credits.
All Freight Terms are FOB: Macy’s Inc. Facility (as indicated). Ex-Works for International shipments.
Confirmation of a wire transfer payment is required prior to the shipment of goods.
Inspection of merchandise is by appointment only.
The sale of the merchandise to the purchaser and subsequent sales or other transfers of the merchandise shall be subject to certain terms and conditions, including as set forth in this purchaser package. Specifically, purchaser shall commit to not advertise (or permit their direct and indirect purchasers) from advertising any of the merchandise in a manner that identifies, names or otherwise references the source as Macy’s Inc. or any of its store groups (i.e., Macy’s, Macy’s East, Macy’s Florida, Macy’s North, Macy’s Northwest, Macy’s Midwest, Macy’s South, Macy’s West, Bloomingdale's or any other Macy’s Inc. operation). Purchaser shall make such covenant a condition of its sale and require that its purchaser similarly make said restriction a covenant of any subsequent purchaser.
Private Label Policy: Macy’s Inc., requires liquidation clients to deface labels and /or tags on all private label products. Some of our Private Label brands include: I.N.C., Alfani, Style & Co., Jennifer Moore, Tasso Elba, Charter Club, Clubroom, Green Dog, American Rag. The Macy’s Inc. Liquidation Sales Office can provide a complete list of Macy’s Inc. Private Label brands.
Macy’s Inc. operational sales tickets must be removed prior to ultimate resale.
Signature: ________________________________________________
Date: __________________
Thank you! Please fax your completed registration form to 732-661-3090
