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In other cases, the merchant is assessed "counter rent" for a "store-within-a-store" concept, common in the cosmetics industry, but also not unheard of in clothing. In other cases, the vendor agrees to buy back unsold merchandise from the retailer — this is a common arrangement for higher-value seasonal clothing, like designer coats.
Southpole is an American wholesale clothing and fashion company, designer, distributor, licensor, and marketer based in Fort Lee, New Jersey, with operating headquarters in New York City. The company was founded in 1991 by two Korean American brothers, David Khym and Kenny Khym under their company name, Wicked Fashions Inc.
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services.
In 2010, 2011 and 2012, Inc. named it one of the fastest-growing companies in the nation. [2] In 2012, Merchandize Liquidators doubled its revenues. [3] Merchandize Liquidators 2011 gross sales were $5.4 million and the percentage revenue growth for the four-year period through 2011 was more than 700 percent, according to a report by a leading trade publication. [4]
The non-food area includes clothing, DIY, office supplies, electricals, computing, and seasonals such as garden furniture. Special offers are featured via a printed and online fortnight brochure known as Makro Mail. The stores are not open to the general public, but serve the following trades: Newsagent's shops and convenience stores.
The mart is a place to buy wholesale products and it is expected that the products the buyers purchase at the mart are then resold in their businesses. Therefore the mart is closed to the public. Buyers must register their businesses with the Mart and are required to check in upon arrival.
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