Inventory Liquidation and Closeout Merchandise

This blog is created to give people some background into inventory liquidations and closeout merchandise. Our website www.kiefers.com has a very large inventory of inventory that we sell direct to consumers all over the United States from our central warehouse in Grand Forks, North Dakota. Our 66,500 square foot facility has about 1.5 million cubic feet of storage and is served by additional warehousing in Fergus Falls, MN, where we have production and packaging facilities and our main offices in Fargo, North Dakota which serves as our corporate offices and our on-line web department.

Our inventories come primarily from firms that have "surplus" inventories or firms that go out of business and must liquidate whatever inventory they have on hand when their business ends. Most of this inventory is purchased for prices much less than original cost to the host merchant and is marked up by us a slight amount and sold at huge discounts to original retail. For example say an item sells with an original retail of $10.00. We would normally sell it direct to you in the $2.00 to $5.00 range with freight paid. We always try to be under half price and frequently can be way under that. Because we pay the freight with our "free freight" program we factor freight into our final selling price and still sell for far less than what you are used to.

We have been in the auction business for 30 years and been doing inventory liquidations for the past 15 years or so. The past 10 years we have specialized virtually only in inventory liquidations and this is one of the hardest auction specialities there is. If you have inventory to sell we can buy it outright or we can sell it for you on commission with an on-line or a live in person auction. We are licensed auctioneers in many states and we have affiliates in all 48 states that can assist us in multiple warehouse sales. We can respond immediately if the situation calls for it and can start moving truckloads of merchandise virtually immediately if necessary because of security or pressing needs.

In future blog posts we'll look at how closeout merchandise is generated and how this differs from returns and salvage merchandise, which we do not handle at all. Our merchandise is all first quality and this is important to know when you are buying from a closeout house. Generally salvage and returns are best avoided and left to those who deal in them regularily. You can get burned easily with salvage merchandise because of water or other damage. All our merchandise at www.kiefers.com is guaranteed and is returnable by simply paying the freight back to us. We have a long list of satisfied national clients and proudly post our client list on our home page.

In 30 years in business "we've seen it all" but we are always looking for a few more good customers like you to find some incredible deals.