GENCO Marketplace Exceeds $2.5 billion for 2014
Retailers Embrace Growing Secondary Marketplace Products, Redesigned Website
PITTSBURGH, Dec. 1, 2014 /PRNewswire/ -- GENCO Marketplace, America's largest wholesaler of retailer returns, has liquidated more than $2.5 billion in secondary merchandise for 2014. A subsidiary of GENCO, GENCO Marketplace liquidates secondary market products to off price retailers, online sellers, liquidators, flea marketers, and other entrepreneurs.
"This is a huge milestone for GENCO Marketplace," said Laurie Barkman, CEO of GENCO Marketplace. "Secondary merchandise has been increasingly embraced by consumers in recent years. We are seeing more and more sold during the holidays as gifts. "
GENCO Marketplace partners with the nation's largest retailers to remarket their returned and excess products in the secondary market. These products include top national brands across many categories from electronics to hardware to apparel.
Ms. Barkman added that the firm recently launched a responsive business-to-business website at GENCOMarketplace.com. Customers love the responsive feature which allows them to enjoy optimal buying experiences on any sized device (PC, tablet or mobile). The site has enjoyed sales increases over 200% since its relaunch. The company also sells branded products directly to consumers at NoBetterDeal.com.
Resellers are also scaling their buying of merchandise quickly with a leader like GENCO Marketplace.
"GENCO Marketplace has been able to provide me with a consistent flow of merchandise as my business grows," said Jarrod Kemper, Owner of Capital City Auction. "I started this spring by buying a single truck load. Now I purchase a truckload every day as part of GENCO's unique Turbo program."
For more information on GENCO Marketplace, please contact Jeremy Hirsch, Vice President of Marketing and E-Commerce, at 412-820-2246 or email [email protected].
ABOUT GENCO MARKETPLACE
GENCO Marketplace (GMP) is America's leading wholesale liquidator of retail store returns. GMP's products include top national brands from the nation's largest retailers. GMP's liquidation channels include direct sales by the truckload to high-volume buyers and online sales of pallet and multi-pallet lots on the company's B2B web site – www.GencoMarketplace.com. Individual premium items are offered to consumers through the company's bargain shopping site – www.NoBetterDeal.com.
ABOUT GENCO
GENCO is the recognized leader in product lifecycle and reverse logistics solutions designed to maximize value and reduce costs. GENCO operates 140 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 and industrial, retail and healthcare markets and the federal government. GENCO's complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; contract packaging; managed transportation; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling.
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SOURCE GENCO Marketplace
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