 |
|
> INSIDE SCOOP GLOSSARY
INSIDE SCOOP GLOSSARYLearn from the industry insiders how YOU get these great deals!
|
Buy-backs
Closeouts
Elusive Overruns
Liquidation
Remainder Books
RTV - Return to Vendor
Salvage
Slight Irregulars
Buy-backs
|  | | | Buy-backs |
Products that have been purchased by a supplier off the shelves of a retail chain in order to make room for a new supplier's merchandise.
A tactic that is used by suppliers when they wish to replace a competitor's line with their line. Typically the product is in perfect condition, only the packaging is slightly blemished...
|
Closeouts
|  | | | Closeouts |
Products that have been dropped from a manufacturer's or distributor's line in order to make room for new products...
|
Elusive Overruns
|  | | | Elusive Overruns |
Products that are surplus to a manufacturer. Typically a high end, well known brand that the manufacturer wishes to protect the identify of...
|
Liquidation
|  | | | Liquidation |
The process of selling assets to recover cash, usually to settle a debt... Example, a very well known housewares company is forced to close down its outlet stores and liquidate its inventory.
|
Remainder Books
|  | | | Remainder Books |
Books that have been overproduced and undersold... Example, Angels and Demons written by Dan Brown [author of The DaVinci Code]...
|
RTV - Return to Vendor
|  | | | RTV - Return to Vendor |
Products that have been returned to a supplier because they were shipped in error...
|
Salvage
|  | | | Salvage |
Products that have been recovered from a catastrophic event, such as a flood, fire or weather event...
|
Slight Irregulars
|  | | | Slight Irregulars |
Products that are slightly less than perfect, although still within a high level of quality...
|
| |
|
|
|
|
