PITTSBURGH, Pa. – March 3, 2009 – GENCO Supply Chain Solutions today announced the launch of NoBetterDeal.com – an online B2C store where bargain shoppers can purchase high-quality surplus inventory and retail returns at below wholesale prices.
NoBetterDeal.com is operated by GENCO Marketplace, a subsidiary of GENCO Supply Chain Solutions, which works with retailers and manufacturers to liquidate their returned and surplus product. Every day GENCO Marketplace liquidates more than $5 million worth of product, most of which is sold in carton, pallet and truckload quantities. A select portion of new and like-new product is sold as single units on NoBetterDeal.com.
According to GENCO Marketplace CEO, Robert R. Auray, Jr., the bargain shopping site will introduce consumers to a level of discounting they don’t normally see.
“What makes this web store different is that we source our products from the secondary market,” says Auray. “Each year, billions of dollars worth of surplus inventory and returns are liquidated at a small fraction of their retail value, even though a majority of the goods are high-quality, fully functional items. Because our products are sourced from quality liquidation stock, NoBetterDeal.com can offer discounts shoppers rarely see, even at the most aggressive clearance sales.”
The site will feature a wide variety of consumer products, such as televisions, laptops, ipods and other electronics, video games and movies, furniture, tools, and sports equipment. NoBetterDeal.com has advanced eCommerce features that make online shopping fast, easy and safe. The sitetargets shoppers who are ready to buy at the lowest available price.
“Our intent is to pay off the promise in our name – no better deal,” says Auray. “We are confident that our ability to consistently offer the lowest price on a range of merchandise will attract a new market of value-conscious customers.”
About GENCO Marketplace. GENCO Marketplace, subsidiary of GENCO Supply Chain Solutions, is America’s largest wholesaler of retail returns and surplus inventories. The company brings together buyers and sellers to automate and speed the sell cycle for remarketed products. Buyers benefit from a steady supply of products, while retailers and manufacturers liquidate inventories faster for maximum return. GENCO Marketplace’s liquidation channels include direct sales by the truckload to high-volume buyers, internet auctions of truckload and pallet quantities on the company’s B2B website - www.gencomarketplace.com, and sales of individual items on eBay and the company’s new B2C site - www.NoBetterDeal.com.
About GENCO. GENCO Supply Chain Solutions is North America's second largest and a Global Top 50 third-party logistics provider and the recognized leader in Reverse Logistics. The company manages 130 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation and audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and technology solutions. For more information, visit www.genco.com.
