Quicklotz

Quicklotz: wholesale liquidation lots and reverse logistics from Fort Worth

Quicklotz operates as a merchandise liquidator and reverse logistics specialist, buying returned, overstock and slow-moving goods and reselling them in bulk to resellers, auction warehouses and discount stores. The company states that it has 15 years of experience, ships liquidation merchandise domestically and internationally, and serves more than 500,000 customers across 127 countries. Its own presentation describes it as among the top 5,000 fastest growing private companies in America.

The business is built around the idea that perfectly good items end up without a retail outlet: customer returns that are costly for a manufacturer to inspect and restock, slow sellers, or stock that has become outdated but retains value. Quicklotz positions itself as the outlet for that merchandise and frames liquidation as an opportunity for buyers to build a resale business.

Formats in which the merchandise is sold

The catalogue is organised by volume and by source, and the company lists several ways to buy:

• Truckloads, including manifested and unmanifested loads.
• Pallets of liquidation merchandise.
• Boxes and mystery boxes sold through Quickboxz.com.
• Daily online auctions through Quickbidz.com, with bids starting at $5 or less.
• Pre-auction sales.

Listed truckload examples at the time of writing this profile included an AMZ Premium BIN Store Truckload at $15,500, a Small Appliances & Housewares Truckload at $9,995, an AMZ LPN HPC Truckload at $14,500 and an Ecom Undeliverables SMALLS Tall Truckload at $21,000. The company also groups merchandise by retailer origin, naming Amazon, Target, Wayfair, Zappos, Lowe's and a luxury retailer among its sources, alongside categories such as general merchandise, electronics and appliances, furniture, apparel and shoes.

Who buys from Quicklotz

The company identifies three main customer profiles. Online resellers who sell on marketplaces such as eBay, Amazon, Whatnot, Poshmark or Facebook Marketplace; auction warehouses that need a weekly supply of merchandise; and discount and bin stores, for which Quicklotz assembles assortments according to the retailer's model. It also states that it supplies some of the best stores in the USA and that it focuses on exclusive programmes it would resell itself.

Reverse logistics services for retailers

Beyond selling lots, Quicklotz offers retailers a full suite of reverse logistics solutions, from storage to fulfilment, refurbishing and sorting, through to destruction and recycling. The range also covers sanitising and brand protection services. The company says these services are aimed at retailers of all sizes anywhere in the world and that its diversity of resale channels allows it to maximise the value of each product category. It attributes its recovery rates to proprietary AI software, multi-channel resale and its international reach.

On the technology side, the company markets Buylotz WMS, described as proprietary AI software intended to maximise resale profits, and it maintains a Quicklotz University section with guidance on how to buy liquidation and on how major retailers use liquidation.

Auction activity in Texas and North Carolina

Quicklotz runs daily online auctions through Quickbidz, where buyers bid, win, pay and then collect their purchases at local Quickbidz locations in the Dallas-Fort Worth area of Texas and in Charlotte, North Carolina. Items can also be shipped. The company states that merchandise is offered at 60-90% off and that new items are listed daily, spanning categories from luxury fashion and electronics to tools, furniture, shoes, jewellery and housewares.

Warehouses and sales offices

The operation is supported by liquidation warehouses in several locations around the country. The main warehouse is in Fort Worth, Texas, and the company also lists sales offices in New York, Miami and the Charlotte area of North Carolina. The company notes that its warehouses are strategically located and that visits can be arranged to see the operation.

Additional locations listed by the company:

• NYC – New York: 5 Pennsylvania Plaza, 19th floor, New York, NY 10001.
• CLT – North Carolina: 5053 York Hwy, Gastonia, NC 280556.
• MIA – Florida: 80 SW 8th St, Suite 2000, Miami, FL 33130.

Media recognition and seller-side services

Quicklotz states that the Wall Street Journal featured the company in a report on lot liquidation and interviewed its CEO, and that the video is available in its Quicklotz University section. For parties holding stock to move, the company offers to buy inventory at what it describes as a fair price, and it lists bankruptcy liquidations among its areas of activity.