Amazon Outlet program helps to clear overstock items
Sellers who use Amazon FBA fulfillment services can now offer their overstock and clearance items on Amazon Outlet.
Unlike Amazon Warehouse, where buyers can shop for deals on returns and refurbished goods, Amazon Outlet is for shopping discounted new products, reports ecommercebytes.com.
Sellers who use FBA will likely welcome the option of selling items that may be slow movers through Amazon Outlet to save on storage fees.
However, not all items are eligible to be sold through Outlet, and it changes from week to week. Amazon will determine which products are eligible for Outlet “based on customer demand and other factors.”
While there are no additional fees for selling on Amazon Outlet, obviously it comes at a cost since sellers must discount prices. Amazon explains, “The maximum deal price takes into consideration the lowest price charged by sellers offering the product in new condition.”
Amazon said selling through Outlet can help sellers increase sell-through, improve cash flow, optimize inventory levels, and reduce total storage fees on overstocked inventory. It drives customers to Outlet through direct emails and ad placements, including on Amazon’s homepage.
Sellers who participated in the beta program in the spring saw a 77% increase in unit sales, Amazon said. FBA sellers must have a Professional account and an overall rating of at least 3.5 stars to participate. Sellers can learn more by visiting the Amazon help pages.
More Amazon news
Amazon is testing a new system to tackle patent infringements
A cheaper alternative to patent lawsuits The program will match a seller claiming infringement and the accused merchant with a neutral, third-party lawyer. According to engadget.com, the company is testing a program to help fight utility patent...
Amazon AI automatically fires low productivity workers
Amazon workers are supervised by AI If the system determines the employee is failing to meet production targets, it can automatically issue warnings and terminate contracts without a supervisor's intervention Documents obtained by The Verge show how...
Amazon will have “multibillion-dollar failures”
Size of failures at Amazon will be bigger along with growth Jeff Bezos warns that Amazon will “occasionally have multibillion-dollar failures” in his annual letter to shareholders Jeff Bezos in his annual letter to shareholders said that Amazon will be...
