Posted by Alex Jackson on August 20, 2016
What’s with all these darn tags and what do they all mean? You got your most recent order in and are trying to figure out what all these tags are and what are you supposed to do with them all? There are three main types of tags you will encounter with liquidation merchandise the manufacture tag, retailer price tag and return tag. It’ important to note up front that the retailer tag and return tag need to be removed before the item is resold. If you are wondering why there are a few good reasons for this. First off retailers are very protective of their brands value and don’t like seeing their goods sold anywhere but their stores. They simply don’t want to compete with smaller retailers selling their merchandise for a fraction of the cost. Keep in mind that merchandise you purchase from us is sold at a significant loss to the retailer.
Manufacturer tag- This is probably the most self-explanatory, the manufacturer tag normally just lists basic info on the brand, model, color or style. This is the only tag that should not be removed prior to resale of the item.
Retailer price tag- This typically lists the retailer’s name, brand, items MSRP, retail price, UPC code and in the case of private label merchandise a unique internal company tracing number. This unique internal company tracing number also known as Customer Return Label is added separately on non-private label items described below. This tag must be removed before resale and cannot be used to promote the item for resale so do not photograph the item before removing this tag.
Return tag / Customer Return Label / Return Label- this particular tag causes quite a bit of confusion. This tag is used for returns and allows the company to trace where the item was sold. This tag does not indicate that the item is a Customer Return item. You may have just purchased a shelf pull condition lot and see these labels and wondered whether you received a customer return lot by mistake? Well no, you did not so don’t panic. This tag is also used to deactivate the item from the store’s inventory assuring that when the item is liquidated it is not returned to a store. Again this tag needs to be removed prior to resale.