Guide to Buying Macy’s Liquidation Merchandise

Overview of Macy’s, Inc. and Its Liquidation Process Macy’s, Inc. stands as one of the largest department store chains globally, renowned for its extensive selection of products, particularly in clothing, accessories, cosmetics, and home furnishings through its three main brands: Macy’s, Bloomingdale’s, and Bluemercury. With over $414 billion in sales since 2005 and more than 700 locations, Macy’s has a significant amount of surplus merchandise. So, what happens to this liquidation inventory, and how can you purchase Macy’s liquidation lots? Key Facts About Macy’s Store Locations: As of 2020, Macy’s operates 732 stores globally and employs approximately 90,000 individuals. E-commerce Reach: The company has an online presence in 92 countries. Sales Performance: In 2020, Macy’s reported net sales exceeding $17 billion and a cumulative $414 billion in net sales since 2005. Flagship Store: Macy’s Herald Square in Manhattan is one of the largest department stores in the world. The Fate of Macy’s Liquidation Merchandise Macy’s handles its liquidation merchandise through its dedicated platform, where anyone can register to participate. What to Expect from Macy’s Liquidations Given that women’s apparel and accessories account for 61% of Macy’s sales, a significant portion of returns falls into these categories. Apparel tends to be one of the most frequently returned product types, with around 17% of clothing items returned to retailers. During the pandemic, online clothing purchases surged, and Macy’s extended return periods to 60 days, contributing to a trend known as “bracketing,” where customers buy with the intention of returning. This has led to an estimated 30-40% of online clothing purchases being returned. This context suggests that many returned items at Macy’s are likely to be women’s clothing, often in like-new condition. Additionally, Macy’s liquidation inventory includes “jobouts” and “store stock,” which are brand-new items liquidated due to seasonal changes or product line discontinuation. When you register for Macy’s liquidations, you can specify the type of surplus merchandise you seek, the seasons of interest, and product categories. Opting for broader categories, such as women’s apparel, will maximize your choices and increase your chances of regular contact from the sales team. How to Purchase Liquidation Merchandise from Macy’s Here’s a breakdown of the process for acquiring liquidation lots directly from Macy’s. Requirements for Signing Up To register with Macy’s Liquidation Department, you must: Have a U.S. address. Possess a Tax ID or Employer Identification Number. Be able to conduct wire transfers. Steps to Register Visit macysliquidation.com and click on “Register Now.” Fill in your company name and create your login credentials. Provide your contact details, billing, and shipping addresses. Enter your tax identification information. Select your preferred language (English or Spanish). Choose your desired type of liquidation merchandise: Customer Returns: The least expensive option, consisting of items returned by customers for various reasons, including some damaged goods. Jobouts: Seasonal items removed from shelves post-season. Store Stock: Overstocked items that have never been sold and are ready for retail; this is typically the most costly option. Select a preferred season for your merchandise: “All,” “Mixed,” “Primarily Fall and Winter,” or “Primarily Spring and Summer.” Choose a distribution center from the six available locations in TX, MD, CA, IL, CT, and GA to minimize shipping costs. Pick a merchandise category from the 76 available options or select “All.” Indicate how you learned about the program (e.g., advertisement, referral). Set your email preferences for relevant updates regarding your area or product interests. Review the confidentiality agreement and confirm your understanding. Upload your tax declaration document to validate your business registration. Submit your application. After submission, you’ll receive a confirmation email, and a representative will reach out within a week to finalize your registration. Purchasing Macy’s Liquidation Lots Once your registration is approved (which may take 5-7 days), you can log into Macy’s liquidation website to bid on various lots. You will also receive emails featuring special deals, including buy-one-get-one offers. These emails often include load lists detailing the buy-now price alongside the original retail prices and what Macy’s paid their suppliers. Each line in these lists corresponds to different lots, and you can express your interest by replying with the lot number for invoicing. Sourcing Liquidation Lots from Other Retailers If you’re interested in liquidation lots from other top retailers, Direct Liquidation offers exclusive deals with major brands like Walmart and Lowe’s, providing options ranging from individual pallets to full truckloads. With warehouses across 13 locations, you can also opt for local pickup to save on shipping costs. Explore the current liquidation merchandise available to you today!