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Retailer Donates Dead Inventory

Some stores get rid of dead inventory by having liquidation sales, or putting products in a dump bin or on a clearance table at the front of the store.

Woods Hardware doesn’t have room for that. With a 1,500-square-foot salesfloor, when items aren’t selling, they have to move quickly.

Matt Woods, COO of the Cincinnati, Ohio, business, has found a way to quickly move that dead inventory while helping out the community—by donating it to a local charity.

Donated products are sold at a discount, and proceeds go to help those in economically depressed areas of the city.

“The charity is run by a father-son team that uses the proceeds to help ex-offenders or those who are down on their luck, and help rehabilitate them,” Woods says. “We donate anything and everything we can. They get a lot of donations from the big boxes and from Amazon, too.

“It’s a good way for us to get rid of that inventory and also help those who need a hand,” he says.

To learn more about Woods’ operation and how he makes the most of a small salesfloor, see the November issue of Hardware Retailing.

About Lynnea Chom

Lynnea is the senior graphic designer for Hardware Retailing magazine, where she works on the layout and design of the magazine and other custom publications. She also does print design for NRHA’s marketing materials, programs and other in-house projects. Lynnea graduated from Ball State University with a degree in Graphic Design. She lives in her hometown of Greenwood, Indiana. During her free time, she enjoys designing, painting, reading and volunteering at her family-owned childcare facility.

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