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 forged a career as a Retail inventory specialist over 18 years across auctions, marketplaces, eCommerce and Retail, locally and internationally. Having worked for both high growth start-ups and Australia’s largest retail corporations, Rochelle has seen the myriad of challenges faced by Retailers in complex inventory environments.
As Director, Wholesale at Hilco Global, Rochelle translates this expertise in buying, sourcing and trading, offering clients strategies that can be deployed immediately in solving inventory challenges at scale.
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