HYPERAMS, LLC announced the completion of the e-commerce liquidation sale of The Grommet. The liquidation, which was conducted entirely via the company’s website, was highly successful and generated significant cost recovery for the business’ ownership.

The Grommet, an e-commerce marketplace curating ingenious products and unique gifts, engaged HYPERAMS to manage a full inventory liquidation, after its parent company decided to shutter the business.

Utilizing its past experience and expertise in both e-commerce and brick-and-mortar retail liquidations, HYPERAMS was able to accomplish a 99.8 percent sell-through of the inventory within 34 days by utilizing The Grommet’s customer email database and website alone.

“We couldn’t be happier with the results of this sale,” said HYPERAMS Chief Operating Officer Bob Pabst. “Achieving what is effectively a 100 percent sell through in just over a month’s time was a direct result of the strong partnership we had with The Grommet team. It is proof that coupling our strategic discount methodology with existing company infrastructure always results in a superior recovery.”   

HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm.