CENTURY GROUP OF COMPANIES INC.2267 Islington Ave. Toronto, ON. Canada M9W 5C8Tel: 416-748-3993 Fax: 416-743-8938 Cell: 416 8282892 Century Group of Companies Inc. is a North American Closeout Trading Company in association with several outlet stores and a 250,000 sq ft warehouse in Canada. Our operation includes our own retail space; this division operates under the name of Closeout King. Over 25 years of experience in the industry, we continue to be successful in purchasing closeouts from many of the fortune 500 companies, such as: P&G, Nestle, GE, Salton, Datre Corp, Sunbeam, Rayovac, Kraft, Conair, Remington, Oneida, Bausch & LRevlon along with many xx the years, our clients have asked us questions about the terminology of the Closeouts Merchandise Industry. We would like to share with you the following:Closeouts (also Liquidation): Closeouts are generally considered to be excess from a previous seasons production and are the result of changes in color, design, and fabric or missed deliveries. Closeouts by definition should all be first quality. Name-brand companies are left with billions of dollars in excess inventory each year and are forced to sell their excess inventory for several reasons: Products must be removed from shelves to make room for newer models; a change in financial circumstances or strategy may result in cancelled orders; manufacturers may be downsizing or moving facilities; companies may need to reduce inventories for accounting reasons. As a result, the companies are forced to sell this first-quality inventory quickly and below their cost.To submit your inventory list, please forward information to the following email address: xxWe are looking for merchandise in the following categories:Electronics, Cookware/ Bakeware, Toys, Sporting Goods, Tools/Hardware, Health & Beauty, Confectionary, Food & Beverage, Giftware, Seasonal Goods, Appliances, Computer Software, As seen on TV and Clothing. Kind Regards,Jeffrey Liu