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Title: Pink Liquidation Announces Cessation of Trading in the EU, Focuses on UK Market

Liskeard, UK – [30/09/2024] – Pink Liquidation, a leader in discount wholesale and liquidation sales, today announced that the company will no longer trade in the European Union. Effective immediately, the company will concentrate solely on serving its buyers and sellers within the United Kingdom. The decision comes as part of a strategic realignment of Pink Liquidation’s business model, enabling the company to better focus its resources and operational efforts in its home market. This shift will allow the company to streamline operations and continue delivering high-quality, cost-effective wholesale products and joblots to UK businesses. The main reason for the decision is costly overseas freight, along with high amounts of legislation. CEO of Pink Liquidation, [Danny Tomkinson], commented: “This is a pivotal moment for Pink Liquidation. While we’ve enjoyed a successful wholesale presence in the EU, it has become clear that to provide the best possible service and value to our loyal UK customers, we must focus exclusively on the UK market. We are far from saturating the UK market, and have many avenues/channels to explore before saturation, once we have saturated the UK’s clearance market, we will then look at expanding back into other markets. This decision was not taken lightly, but we believe it will ensure the long-term sustainability of the company and allow us to strengthen our position as a leader in the UK excess stock space.” The company’s exit from the EU overstock market is primarily driven by changing market dynamics and the challenges posed by post-Brexit regulatory complexities. By concentrating on its UK operations, Pink Liquidation will be better positioned to adapt to the evolving retail...

This press release is issued by King Newswire