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Liquidity Services was co-founded by William P. Angrick III, Jaime Mateus-Tique, and Ben Brown in 1999. It was branded as Liquidation.com and was a B2B auction marketplace that connects sellers to buyers. [6] The platform allowed retailers to resell retail returns and overstock [7] and enabled buyers to access bulk lots of surplus merchandise. [8]
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We bought Amazon returns online and tried flipping the items on eBay.
Loehmann's filed for bankruptcy in December 2013 and liquidation sales began January 8, 2014. [1] Once the merchandise was liquidated, all stores were closed and Esopus Creek, the private equity fund which had bought the rights to the Loehmann's name, continued to operate the company as an online retailer. [ 2 ]
In 1978, Venture Stores purchased 23 Turn Style locations in the Chicago area from Jewel food stores, and expanded to over 40 locations in the Chicago market area, with many city locations. [2] It was the largest discount chain in Chicago with inner-city locations other than Zayre / Ames .
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The Computer Liquidation Process. There are typically three agents in the computer liquidation process: the seller, the computer liquidator, and the buyer. The sellers are companies who are bankrupt and need to sell their assets, companies who are downsizing or expanding, and companies who are upgrading their technology.
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