Hilco was approached by a International Retail Chain, with excess stock challenge caused by COVID lockdowns, border closures and travel restrictions. Holding onto a large volume of obsolete, seasonal and slow moving lines, and a need to make space for new ranges imminently, they sought a solution that would deliver cashflow and space simultaneously.
Our client received a seven-figure
sum for the parcel, paid upfront
before the goods left their warehouse; this ensured ease of transaction and peace of mind for the retailer
National Media Coverage along with a digital advertising campaign. The sale was viewed 1.7 million times, it was so popular it made it in the news
Hilco offered a solution to purchase all the assets as single parcel, deploying our own capital to complete the transaction. Hilco Global APAC stayed in constant communication with the retailer, arranging the payment of funds, removal of assets from multiple sites nationally to a central Hilco facility for processing.
We purchased and delivered immediate cashflow return to client and assisted their business in clearing slow moving/problem inventory.
the Asset Smarter way
Want to know more? Speak to one of our asset specialists
Rochelle has over 15 years of Auction and Retail experience, both locally and internationally from start ups to Australia’s largest retail corporations.
Rochelle is an expert on buying, sourcing and inventory brokering. Rochelle regularly assists clients access to international markets for their surplus inventory and in joining Hilco APAC has access to a global network of buyers.
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