“Warehouse Auctions Await: Don’t Let Your Unwanted Holiday Gifts Go To Waste!

Just because the holiday season has come to an end, doesn’t mean all of it’s joys and misfortunes are finished. Unfortunately, you may find yourself wanting to return that expensive gift that you just don’t quite like, or that new watch that now doesn’t fit right, or maybe the old family heirloom that just doesn’t suit the family anymore. Whatever it is that you are wanting to return, you better be careful. That item may end up in a warehouse auction without you ever even knowing. A warehouse auction is when a collection of items which have been returned from retail stores are auctioned off in bulk. Stores, like they often do, take back these items and in turn, decide whether they will resell them, repair them, or return them for a full refund. A lot of those items sit and grow older until they can eventually be auctioned off for a fraction of their worth. The reason why stores do such a thing is so that they can save money and clear space in their warehouses with one blow. You may be wondering how exactly your item gets to a warehouse auction. Well, items are actually returned to a store every day, so for a store to refill their shelves and collect more money, some returns get sold back into circulation while others get sent to a warehouse auction. Unfortunately, there is no clear way to tell which items will be auctioned off and which won’t so make sure to be careful when returning gifts or items with a lot of sentimental value. Some tips in avoiding having your items ending up in a warehouse are to get a gift receipt, make sure to keep receipts for items sent off as gifts, or just don’t return any items that you expect to be worth a lot of money in a few years. Like they always said, “It’s better to be safe than sorry.”