FOR IMMEDIATE RELEASE
JANUARY 27, 2017
TigerTrade B2B Platform Is Revolutionizing Global Off-Price Commerce
Ripe For Disruption, $280 Billion Discount Trade Industry Is Experiencing A Major Shake-Up
NEW YORK, NY – TigerTrade sees opportunities in global demand for bargain hunting getting bigger and faster thanks to its cutting-edge approach to international off-price retail. This technology-focused firm launched a first-of-its-kind, business-to-business (B2B) off-price platform designed to improve the speed and efficiency with which companies can sell their excess inventory to international buyers in new markets such as China, United Arab Emirates and Mexico. As simple as signing up, bidding and completing a transaction, vetted businesses and retail brands can move excess inventory across the world within a few clicks. While globalization has accelerated business-to-consumer methods of purchase, changes in the B2B off-price industry have not seen much innovation or automation – until now.
Tanjila Islam, CEO of TigerTrade, and an International Trade and Global Sourcing adjunct professor at the Fashion Institute of Technology said, “Our mission is to be the trusted end-to-end marketplace for buying and selling wholesale closeout merchandise. We achieve this because we understand the needs of our buyers, we know our suppliers.” Islam continues, “There is a ton of supply and plenty of demand, but it is currently hard for buyers to locate international sellers.” Where she saw a market need, she also saw inefficiencies.
Adding to the complexities, international trade deals involve copious paperwork and huge amounts of money changing hands. To overcome these obstacles to trade, TigerTrade designed its platform as an end-to-end service that includes:
- Knowing the legal requirements for international trade,
- Vetting all buyers and sellers,
- Authenticating and inspecting all products, and
- Offering a safe and secure payment structure.
Islam estimates the overall global demand for off-price purchases is around $280 Billion. In the game of retail, it is all about being in the right place at the right time. As the off-price market booms worldwide, TigerTrade is scaling up to be the first to capitalize.
TigerTrade’s business-to-business off-price platform makes international buying and selling excess inventory easier. The company sells over 27 million overstock merchandise units at any point dealing with clients in more than 50 countries across North America, South America, Europe, Asia and Australia. The TigerTrade platform sells home décor, apparel, footwear, accessories, toys and beauty products. Being an end-to-end platform, TigerTrade navigates the murky waters of international taxes, legalities and logistics to bring inventory from warehouses across the world to interested buyers in just a couple clicks.