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Article: Online auctions are catching on.(dealers selling older merchandise through online services)(Brief Article)
- Article from:
- Industrial Distribution
- Article date:
- August 1, 2000
CopyrightCOPYRIGHT 2000 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWTON, MASS.--Suddenly, obsolete inventory is sexy. No longer relegated to gathering dust on warehouse shelves, excess and obsolete inventory is gaining new life through online auctions that may offer opportunity for manufacturers and distributors alike.
Milwaukee Electric Tool Corp., for example, recently named uBid.com as an auction authorized dealer of select Milwaukee-brand tools on the uBid.com site.
Milwaukee spokeswoman Debra Sajkowski said the company intends to sell overstock or discontinued products through the site, excess products that have already been offered to members of the company's traditional distribution network.
"Our main ...