The new 100,000 square foot warehouse offers more capacity for retail customers and savings for buyers sourcing inventory for growing businesses
HEBRON, Ky., July 12, 2022 /PRNewswire/ — Liquidity Services (Nasdaq: LQDT), a leading global retail company driving the circular economy, today announced its expansion into the United States with the opening of a 100,000 square foot retail distribution center in Hebron, Kentucky – less than 20 minutes from Cincinnati, Ohio. The new facility offers a second life to returned and overhauled items from major retailers while extending the lifespan of thousands of items that would otherwise end up in landfills. Buyers can purchase items via liquidation.coma leading resource for growing businesses that purchase surplus goods in bulk.
Recent data shows US retail sales are falling and retailers are struggling with high retail inventories due to overbuying and low demand. At the same time, American companies are beginning to rein in spending and prepare for an economic recession.
“We are in a unique position to provide retailers with the ability to increase profitability while reducing waste, and business owners with the confidence to source inventory at competitive prices,” he said Bill Angrick, Chairman and CEO of Liquidity Services. “Liquidity Services is seeing strong demand in the secondary market. Expanding our footprint near customers’ last-mile delivery centers allows us to service retailers’ growing number of unsold items with reduced transportation and handling costs, benefiting buyers, sellers and the planet. “
“Our new location offers advantages to buyers in both the Midwest and the South, including faster shipping and lower freight costs,” he said Jeff Rechtzigel, Vice President of Retail at Liquidity Services. “The range of the new facility includes a range of products from major retailers – from furniture and household goods such as lawn and garden tools to construction tools and home accessories.”
The new facility is located at 1180 Elijah Creek Rd, Hebron, Kentucky 41048. Products will be available in pallet and truckload sizes. Visit liquidation.com for more informations.
About Liquidity Services
Liquidity Services (NASDAQ: LQDT) operates with over 9 billion dollars completed transactions to more than 4.8 million qualified buyers worldwide and 15,000 corporate and government sellers. It supports its customers’ sustainability efforts by helping them extend the lifespan of assets, avoid unnecessary waste and carbon emissions, and reduce the number of products going to landfill. For more information visit LiquidityServices.com.
Lightspeed PR/M for Liquidity Services, Inc.
SOURCE Liquidity Services