These liquidation purchases have really helped out these companies, but the big winners are the retailers who can purchase this equipment at greatly reduced prices.
Boca Raton, FL (PRWEB) December 11, 2008
With so many large retailers filing for Chapter 11 bankruptcy protection and or closing non-performing stores, used retail point-of-sale equipment is flooding the market and presenting unusual opportunities for the surviving retailers.
DataMax System Solutions, a recognized leader in the retail technology industry, has a reputation for buying entire warehouses of pre-owned point-of-sale equipment. Additionally, DataMax has the ability to handle all of the logistics from de-installation, asset management services including data destruction and recycling, storage, to refurbishment and redeployment. DataMax is a total solutions provider that offers a hassle free, centralized way to manage the entire asset removal process.
In the 2001-2002 recession, DataMax purchased and managed the point-of-sale liquidation for many retailers including: Bugle Boy, Lechters, Ames, Service Merchandise, and K-Mart. When Lechters closed 166 under-performing stores, Florida-based DataMax System Solutions purchased hundreds of their scanners, registers, displays, and printers. After Bugle Boy Industries liquidated 312 retail outlets, DataMax purchased thousands of pieces of point-of-sale equipment, including scanners and point-of-sale registers. Prior to being contacted by DataMax, the New Jersey-based Lechters Inc. and the California-based Bugle Boy Industries had been dealing only with liquidators. Liquidators typically buy the retailer's surplus equipment for pennies on the dollar.
As one of the largest buyers of surplus POS equipment in the country, DataMax has a unique ability to provide significant savings to their customers. "In these economic times, one of the main initiatives for most retailers is driving down costs." said Elliott Wallace, President and CEO of DataMax System Solutions.
"Because the majority of our customers are retailers with 100 or more locations, we can pay the troubled retailer a higher price for the liquidated equipment, therefore allowing the retailer to recover a larger percentage of their investments," continued Wallace. With solutions installed in over twenty-five thousand POS stores, DataMax maintains one of the largest customer bases in the country.
"We have one of the most extensive inventories of refurbished point of sale equipment in the country," said Wallace. "These liquidation purchases have really helped out these companies, but the big winners are the retailers who can purchase this equipment at greatly reduced prices."
After delivery to the DataMax refurbishing facility in Boca Raton, Florida, all equipment is disassembled down to the component level and thoroughly cleaned and painted, if necessary. Components are reassembled, units are tested, and equipment is properly packed for shipment. Everything DataMax sells is guaranteed for maintenance, and extended warranties are available.
Founded in 1988, DataMax System Solutions offers innovative hardware and software solutions to large retail chains. With a focus on in-store solutions, DataMax brings current technology to the store to increase revenue, reduce expenses, and give the retailer a competitive advantage. Please contact Datamax System Solutions or visit our website to find out more about our POS equipment trade-in, asset recovery, disposal and storage services.