ADVERTISEMENT

There's a booming shadow industry emerging from the retail apocalypse

Here's what happens to all the unsold merchandise when stores close for good.

Thousands of stores across the US are shutting down and holding liquidation sales to try and purge their merchandise before they close.

ADVERTISEMENT

But what if the stores aren't completely emptied by the time they turn out the lights for good? What happens to all that leftover merchandise?

Often it ends up going to wholesale distributors, which buy the excess merchandise, then turn around and sell it to other firms — like third-party Amazon sellers or discounters like TJ Maxx and Marshalls.

Business is booming for one such company, called United National Consumer Suppliers, or UNCS, according to the company's CEO, Brett Rose.

ADVERTISEMENT

"I

When retailers don't order enough, UNCS helps find another supplier who can immediately fulfill a new order. When they order too much, UNCS helps them get rid of it by finding another buyer.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Nigeria's action against Binance execs sets a dangerous precedent, CEO says

Nigeria's action against Binance execs sets a dangerous precedent, CEO says

5 African cities with the most financially stable people

5 African cities with the most financially stable people

10 African countries struggling with the slow internet speeds in 2024

10 African countries struggling with the slow internet speeds in 2024

Top 10 African billionaires on Forbes list

Top 10 African billionaires on Forbes list

Top 10 most important elections in Africa in 2024

Top 10 most important elections in Africa in 2024

Top 10 most adventurous African countries in 2024, according to  U.S. News

Top 10 most adventurous African countries in 2024, according to U.S. News

Full list: Banking transactions exempted from CBN’s cybersecurity levy

Full list: Banking transactions exempted from CBN’s cybersecurity levy

Edward Howarth of DashTickets talks about gambling in Africa

Edward Howarth of DashTickets talks about gambling in Africa

Eco-friendly gambling: The impact of online slots on sustainability

Eco-friendly gambling: The impact of online slots on sustainability

ADVERTISEMENT