As an aggressive bidder on retail and wholesale inventories, MHL Trading LLC (MHLT) will offer to purchase your overstock, aged, discontinued, or stock balanced goods such as:
We also accept trade-ins as well as new and pre-owned items. All dealings with us are confidential. We do not advertise our sources’ names or brands.
Trust that we will pay a premium for better-branded jewelry and watches, whether new or pre-owned. We are always interested in loose, high-quality precious colored gemstones. Furthermore, we specialize in and bid strongly for antique and estate jewelry. Payments are made within 48 hours of the check-in and quality control processes.
Manufacturers who need to stock balance a competitive brand from a retailer to accommodate their product can ask assistance from us. We will pre-quote the trade-out product to help facilitate the transition of goods. Retail clients may also request assistance when purchasing estate jewelry.
We administer inventory augmentation and consignment programs for mid-sized chains and multi-door independent jewelers. Approved vendors may participate on a case-by-case basis based on the inventory wish list from retailers. The consignment program provides a far better return on your investment over a liquidated buy out of your aged inventory.
Our consignment program caters to everyone, from regional chains of five-plus stores to major jewelry retailers. We do offer a few exceptions when accepting clients, accommodating smaller independent stores with individual locations that gross three million dollars per door.
The retailer must sign a consignment agreement spelling out the terms and requirements of the program. Upon signing the agreement, retailers are obliged to have us file a UCC protecting the goods. They must also display and promote the consignment during the program’s duration, and do so for a minimum period of six months.
We sit with the retailer’s merchandising team to determine its needs of inventory augmentation. These meetings provide a clear shopping list of products by category, style, metal, and price point. Once the shopping list is established, we will diligently work with selected manufacturers to fill the retailer’s wish list.
The approved or selected vendor then consigns the goods to us before we distribute the memo merchandise to our retail consignment partner/s. The MHLT Vendor Agreement must be signed and returned to us before memos are shipped. The requirements for the manufacturer are as follows:
We will police this program through secret shoppers. They will inspect the proper display, promotion, and presentation of the augmented goods.
Our short-term consignment platform is effective for vendors with a minimum timeframe of 90 days. This memo is sold through my sales force to retailers and wholesalers alike. It recovers a noticeably better return than a liquidated cash buyout.
Selling restrictions, such as the current customers of the vendor and exclusive retail territories, may be designated. Both parties must agree to these restrictions. The requirements for the vendor are as follows:
With a strong background in retail brand building, we offer an assortment of solutions to boost your image, market share, expansion, repositioning, and overall sales. We will also assist you in adding margin to your bottom line using the old adage, “The profit is in the buy, not the sell,” as basis.
As a closeout veteran, we will guide you to buy better in just about every category of product. We are also seasoned in marketing, personally guiding trade groups and non-competitive stores in diamond-buying promotional trips to Antwerp, Belgium. You will learn how to stay a step ahead of your competition through these highly successful image-building trips.
Similar promotions are offered in antique and estate buying trips to the UK. Furthermore, be on the lookout for excursions to Switzerland and precious color trips to Europe and Asia.
Schedule a call to discuss your specific needs in the jewelry industry. We will have a solution for you.
Manufacturers and wholesalers understand that the jewelry world is rapidly changing. Thus, there is a need to better connect with the retailers they serve. Through consultancy, we have shown manufacturers and diamond houses the value of solidifying the wholesale-retail partnership.