The Stanley Works Utilizes Liquidity Services, Inc. to Optimize Obsolete and Discontinued Inventory Sales Program
Washington, DC – September 26, 2005 – Liquidity Services, Inc. (LSI), a leading provider of comprehensive asset recovery services for businesses and the public sector, is providing a streamlined solution that optimizes the sale and rate of return on obsolete and discontinued inventory for The Stanley Works (NYSE: SWK), a worldwide supplier of tools and security solutions for professional, industrial and consumer use. The remarketing of this inventory through online auctions on LSI’s marketplace, www.Liquidation.com, provides Stanley with a faster process while generating a significantly higher rate of return versus other disposition channels.
Since establishing the relationship in January 2005, LSI has conducted over 260 bulk auctions for Stanley products. Items auctioned include Stanley hand and power tools, Stanley Bostitch products and more.
"By working with LSI and Liquidation.com to remarket and sell our obsolete and discontinued products, we have realized higher returns, faster turnaround and tremendous efficiencies in the reverse supply chain," said Joseph Scarpantonio, Manager, Inventory Liquidations and Kristin Waltz, Inventory Exit Coordinator. “Stanley has used many traditional liquidation methods and various online channels for discontinued and obsolete products, and LSI has proven to be a superior solution and consistently provides incomparable value throughout the entire process.”
Stanley Authorized auctions for professional, industrial and consumer tools can be found on www.Liquidation.com by searching for auctions under username Stanleydirect.
The Stanley Works
The Stanley Works, an S&P 500 company, is a worldwide supplier of tools and security solutions for professional, industrial and consumer use.
About Liquidity Services, Inc.
Liquidity Services, Inc. and its subsidiaries enable corporations and government agencies to market and sell surplus assets and wholesale goods quickly and conveniently using innovative online auction marketplaces, business-to-business product sales and marketing expertise, and value-added logistics and fulfillment services. The privately held company is based in Washington, D.C. and employs 285 people. Additional information can be found at: www.liquidityservicesinc.com
Media Contact:
Julie Davis
Liquidity Services, Inc.
julie.davis@liquidityservicesinc.com
202.467.6868 ext 234
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