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What (who) is inventory liquidation - definition

DEFUNCT LIQUIDATION RETAILER

Liquidation World; Liquidation World Inc.

Inventory valuation

ACCOUNTING METHODS USED IN DETERMINING THE VALUE OF INVENTORY

Beginning Inventory; Inventory Costing; Inventory costing; Inventory valuation adjustment; Inventory cost

An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

https://en.wikipedia.org/wiki/Inventory_valuation

Inventory theory

MATHEMATICAL STUDY CONCERNED WITH THE DESIGN OF INVENTORY SYSTEMS

Inventory control problem; Inventory model; Inventory models

Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on and provides the mathematical foundation for logistics. The inventory control problem is the problem faced by a firm that must decide how much to order in each time period to meet demand for its products.

https://en.wikipedia.org/wiki/Inventory_theory

Inventory turnover

MEASURE OF THE NUMBER OF TIMES INVENTORY IS SOLD OR USED IN A TIME PERIOD

Inventory turns; Inventory Turns; Turnover ratio; Inventory Turnover; Inventory turnover ratio; Stock turnover

In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level.

https://en.wikipedia.org/wiki/Inventory_turnover

Wikipedia

LW Stores

LW Stores, Inc. was a retailer that liquidated consumer merchandise through 94 outlets across Canada and three in the United States. The retailer also provided store-closure sales management and solved asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers and other organizations. LW Stores, Inc. was known as Liquidation World, Inc. until 2010. The chain had stores in the Canadian provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. It was a subsidiary of Big Lots from 2011 until its closing in 2014.

https://en.wikipedia.org/wiki/LW Stores