HYPERAMS Completes E-Commerce Liquidation Sale of The Grommet

HYPERAMS completed the e-commerce liquidation sale of The Grommet, an e-commerce marketplace.

The Grommet engaged HYPERAMS to manage a full inventory liquidation after its parent company decided to shutter the business. The liquidation was conducted entirely via the company’s website.

Utilizing its past experience in both e-commerce and brick-and-mortar retail liquidations, HYPERAMS accomplished a 99.8% sell-through of the inventory within 34 days by utilizing The Grommet’s customer email database and website.

“We couldn’t be happier with the results of this sale,” Bob Pabst, chief operating officer of HYPERAMS, said. “Achieving what is effectively a 100% sell through in just over a month’s time was a direct result of the strong partnership we had with The Grommet team. It is proof that coupling our strategic discount methodology with existing company infrastructure always results in a superior recovery.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.