30 Years of Business to Business Wholesale Experience
Wholesale101 provides value-priced brand-name apparel, accessories, footwear and home goods in bulk to businesses worldwide.
Wholesale101 is an online business founded by Ed Mascolo, President & Founder of NEJ Inc. ( www.nejinc.com) a trusted national leader in reverse logistics solutions.
Founded in 1990, NEJ has become one of the world’s top providers for proven strategies and custom solutions for managing excess inventory.
We partner with specialty stores, retailers and famous brands to create sell-off programs by providing Business Process Outsource in reverse logistics, processing and reselling past-season, factory-excess and customer returns merchandise to a variety of off-price retailers.
We provide complete reverse logistics and superior processing services on a per unit fee basis, including merchandising, quality control inspection, removal of tags, label alterations, hanging and re-packaging, and other value-add services.
NEJ, Inc. proudly represents various specialty retailers and their brands exclusively providing a sales strategy and distribution to global off-price retailers and purchasers.
Wholesale101.com is a business to business platform exclusively the inventory opportunities.
Our Pricing is 70% to 90% off MSRP
Wholesale101 provides inventory in lots as small as a single carton (for smaller items like jewelry and accessories), by the pallet, and in truckloads of mixed categories and/or single items depending on the given opportunity we purchased for sale. Because of NEJ’s long-term relationships with its brands we can offer our merchandise to you at prices well below retail. Our prices are typically 70% to 90% off MSRP (manufacturers’ suggested retail price). Pricing is listed by lot or by each individual item.
Purchasing
Since all merchandiseis warehoused by NEJ, Wholesale101 inventory ships within 3-5 businessdays and can be purchased online with a credit card.
Inventory lot size is sold by: single carton, pallet, or truckload. Pleas note that the pack will be defined in each product offering.
Merchandise Types
Wholesale101 trained staff and management inspects allgoods within a strict standard of quality control so all merchandise receivedcan go directly from carton to retail customer. On occasion, Wholesale101 offers “As Is” merchandise lots sold“as is” with no quality control inspection. It will be clearly identified "AS IS" on the lot offering.
Inventory purchases include:
FactoryExcess: FirstQuality closeouts and Irregular products purchased directly from themanufacturer that have never been offered to the consumer.
Customer Returns and Store Stock (CR's): Retail stores andonline purchases of previously sold inventory returned based on company’sreturn policy. Customer Returns are purchased directly from domestic specialtyretailers or Department Store retailers.
Past Season Transfers (PST’s): Domestic specialty stores inventory that has was offered for sale in aretail store or online is pulled off the shelves and racks at the end of aselling season and shipped directly to Wholesale101.
Quality Classification
Merchandise received is inspected by trained team membersand sorted by quality criteria.
1.FirstQuality (1st)
2.Irregulars
3.Seconds(2nds)
APPAREL
First Quality (1st): Canceled orders of a brand’s apparel items, overruns orleftover merchandise after a given selling season that never shipped toretailers. First Quality items are retail-ready condition with no defectsand/or irregularities.
Irregulars: Apparel items with needle lines, slubs, fabric breaks or striations(parallel lines in solid fabric such as denim that make the fabric appeargrainy). Only on close inspection will garments show the slight imperfections.
Seconds (2nds): Fully functional garments with rips, tears, or holes less than1/4 inch or stains less than 1/2 inch in diameter. Seconds also include garmentsthat are repairable by the customer such as missing buttons, broken belt loops,broken zippers (dresses excluded).
FOOTWEAR
First Quality (1st): Canceled orders of a brand’s footwear, overruns or leftovermerchandise after a given selling season that never shipped to retailers. FirstQuality items are retail-ready condition with no defects and/orirregularities.
Irregulars: Fully functional footwear with small blemishes, nicks, andstains. Only on close inspection will items show slight imperfections.
ACCESSORIES
First Quality (1st): Canceled orders of a brand’s accessories, overruns or leftovermerchandise after a given selling season that never shipped to retailers. FirstQuality items are retail-ready condition with no defects and/orirregularities.
Irregulars: Fully functional accessories with small blemishes, nicks, andstains. Only on close inspection will footwear show the slight imperfections.
JEWELRY
First Quality (1st): Canceled orders of a brand’s jewelry, overruns or leftovermerchandise after a given selling season that never shipped to retailers. FirstQuality items are retail-ready condition with no defects and/orirregularities.
All Goods 100% Inspected
Store Stock QualityClassifications
Merchandise Grading categories:
1. MOS Quality (#1 quality,new goods)
2. Mini Quality (#2 quality, minor damages)
APPAREL
MOS Quality:New apparel itemsin retail-ready condition free of all defects but have been on retail floors orshelves.
MINI: Irregular and Seconds apparel items that may include needlelines, slubs, fabric breaks or striations (parallel lines in solid fabric suchas denim that make the fabric appear grainy) along with fully functionalgarments with rips, tears, holes less than 1/4 inch, stains less than 1/2 inchin diameter and garments that are repairable by the customer such as missingbuttons, broken belt loops.
FOOTWEAR
MOS Quality: New footwear in retail-ready condition with no nicks,blemishes, stains or evidence of wear on the soles. But have been on retailfloors or shelves. Footwear will be identified as boxed or unboxed (self-serve).
MINI: Functional footwear with nicks, blemishes, stains or slightcuts that are repairable by consumer. Soles may show small signs of wear andslight irregularities may show on close inspection.
ACCESSORIES
MOS Quality:New accessoriesin retail-ready condition free of all defects but have been on retail floors orshelves.
Mini Quality: Functional accessories with nicks, blemishes, stains or slightcuts that are repairable by consumer. Slight irregularities may show on closeinspection.
JEWELRY
MOSQuality: First Quality new jewelry inretail-ready condition free of all defects but have been on retail floors orshelves.