HYPERAMS, LLC Announces Completion of The Grommet E-Commerce Liquidation Sale

Complete Liquidation of E-Commerce Marketplace Retailer

Rolling Meadows, IL (August 8, 2022) HYPERAMS, LLC is pleased to announce 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% 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% 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.”  

About HYPERAMS, LLC

HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm. The Company specializes in assisting both distressed and healthy companies manage surplus assets by providing clients with a complete asset disposition strategy. The Asset Disposition division focuses on investing in excess assets and conducting live and webcast auctions. The Appraisal division provides valuations of machinery, equipment, and inventory in most industry verticals. Since its inception, HYPERAMS has performed thousands of appraisals, auctions, and store closings on behalf of financial institutions, restructuring/turnaround professionals, private equity firms, as well as business owners.