iForce Auctions, part of the iForce Group, is an online retailer, providing onward sales solutions for a variety of UK retailers since 2008. Products include all types of end of line products, stock clearances, over stock, de-rangers and raw customer returns for clients such as Tesco, B&Q, GLTC, House of Fraser, BHS, John Lewis and Worldstores.
Since its launch in 2008, retailers have increasingly realised the value in onward sales and iForce Auctions, previously known as BuyForce, has been a pioneer in this area, helping to drive sold stock back up the value chain, to sell on in either containers, pallet or single item sales. All single items offer savings of approximately 40% of RRP.
Items can vary from electrical to bicycles and toys to furniture, from brands such as Tesco, Fisher Price, Panasonic, Lego, Bosch, Flymo and Makita. iForce Auctions are also Tesco’s official B2B outlet helping consumers save up to 90% on original prices.
“iForce Auctions protects profit for many retailers, through breathing new life into their Returned, refurbished or end of line stock. We are a versatile business that manages all categories of stock, from Tesco Returns to DIY returns and anything inbetween. Our Online auctions provide a route that enables product life after its initial sale. iForce Auctions helps retailers make the most of their products, especially in their onward journey”, said Head of Onward Sales, Damian Conroy. (TBC)
Ian Towell, National Returns Manager at Tesco Stores Ltd, said: “iForce Auctions continue to provide an outstanding service to Tesco”.
“iForce have been able to support our need to manage stock out from our business which frees valuable space in our Sop and Distribution network,” John Lewis, Combined Service Building, Operations. TBC
iForce Auctions can also be used to support or enhance a retailers’ green agenda. By using iForce Auctions, retailers avoid utilising landfill, seeking new ways to extend the life of products that would previously have taken up valuable storage space, as well as offering financial recoup for them, where previously there would have been none.
iForce Auctions can be found via three online points; eBay, Facebook and its own bespoke site, iforceauctions.co.uk. The online retailer started on eBay in October 2008, and has had nearly 2000 feedback posts, with a 5 star rating. The iForce Auctions site has an extensive database, and currently over 10,000 registered users. Total sales (RRP) total over £80million, with nearly 300,000 online auctions having taken place to date. In October 2012, iForce Auctions launched onto Facebook and already has nearly 6000 followers, with an average recovery rate of 35% RRP, on the 110 auctions that have so far taken place.
iForce Auctions is a specialist in the returns marketplace, with a proven track record. Since 2009, the client base has expanded hugely, with registered users having grown tenfold with now over 10,000 people to date and almost 300,000 visits to the site in 2013 so far. Sales have increased seven-fold, with double the amount of cash being recouped for clients, from stock that previously would have had little or no value.
For more information kindly visit http://www.iforceauctions.com
iForce Auctions How to breathe new life into ‘old stock’ an