GENCO Marketplace Wins Exclusive Contract to Liquidate Returns for The Home Depot®
Home Improvement Inventory Available In Truckload and Pallet Quantities
PITTSBURGH, Pa. – February 27, 2012 – GENCO ATC, a Global Top 25 third party logistics provider, today announced that its liquidation subsidiary, GENCO Marketplace, has won an exclusive contract to liquidate store returns from The Home Depot stores. Products are available in truckload and pallet quantities to other liquidators and secondary market resellers.
The liquidation program is part of The Home Depot’s aggressive corporate sustainability program. The retailer hopes to maximize recovery value on this inventory and maximize reuse of products that might otherwise have gone into the waste stream.
The Home Depot liquidation lots include just about every category of product available at stores, sorted into multiple product groups.
- Home Products – small appliances and other items for the home
- Plumbing and Electrical – bathroom items and electrical supplies
- Hardware – power tools, hand tools, and seasonal power equipment
- Lighting – indoor and outdoor lighting
- Appliances – big box products
Most lots will include a mix of different manufacturers’ products. However, some lots will be return-to-vendor" inventory made up of high-quality product from a single manufacturer.
All lots include a manifest that registered buyers can view online prior to purchase.
"Home improvement products are very difficult to find in the secondary market," said Tom McElroy, vice president of marketing and eCommerce at GENCO Marketplace. "These products are perfect for builders and contractors, as well as businesses who resell to do-it-yourselfers looking for discounted home improvement products."
Buyers who would like more information on GENCO Marketplace’s home improvement lots can contact Alan Mongelluzzo at (412) 820-3963, firstname.lastname@example.org or Nick DiPaola at 412-820-3992, Nick.Dipaola@gencoatc.com.
GENCO is the third party logistics industry leader in delivering product lifecycle supply chain solutions designed to maximize value and reduce costs. GENCO operates 130 value-added warehouse locations comprising 38 million square feet and manages $1.5 billion in freight annually throughout North America. GENCO's diverse range of customers includes many Fortune 500 companies in the technology, consumer goods, retail and healthcare markets and the federal government. GENCO ATC's complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; packaging and kitting; transportation management; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling. For more information, visit www.genco.com.
About GENCO Marketplace
GENCO Marketplace is America's largest wholesaler of retail returns and surplus inventories. The company's resale channels include direct sales by the truckload to high-volume buyers, internet auctions of pallet quantities on the company's B2B website, www.GENCOMarketplace.com, and B2C sales of individual items on www.NoBetterDeal.com.