Avance Technologies Ventures into Overstock Liquidation with Excess2Sell Acquisition
Avance Technologies Ltd has initiated plans to acquire Excess2Sell.com, a prominent B2B overstock inventory liquidation marketplace in India. This strategic move aims to integrate Avance's technological infrastructure with Excess2Sell’s marketplace model, enhancing growth in retail inventory solutions across various product categories while addressing surplus stock challenges.
- Country:
- India
In a strategic maneuver to redefine the landscape of inventory liquidation, Avance Technologies Ltd has announced its intent to acquire Excess2Sell.com. The acquisition, pending through a non-binding term sheet, marks Avance's inaugural foray into the burgeoning overstock inventory sector.
Avance's partnership with Excess2Sell is poised to transform the market by merging cutting-edge technological capabilities with a robust marketplace model. It promises to streamline the liquidation process for surplus inventory, addressing ongoing supply chain hurdles within the retail industry.
Leveraging smart pricing algorithms and consumer insights, the expanded platform aims to optimize inventory recovery values across categories like electronics, fashion, and home goods, offering value-conscious consumers discounted, high-quality products.
(With inputs from agencies.)
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