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William Angrick

Co-founder, Chairman of the Board of Directors & Chief Executive Officer, LIQUIDITY SERVICES INC

Search every verified William Angrick interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. William Angrick, CEO of Liquidity Services, discussed the company's role in managing retail oversupply and returns in an August 2022 interview with Yahoo Finance Live. He described the firm as the world's largest commerce company for the circular economy, handling about $1.4 billion in gross merchandise volume annually from roughly 16,000 sellers, including retailers, manufacturers, and government agencies. Angrick noted that retailers are facing inventory pile-ups, particularly in bulky items like appliances and smart TVs, and that his company helps clients reduce storage and transportation costs while recovering value through its B2B auction platforms, such as liquidation.com and allsurplus.com. Angrick attributed recent shifts in consumer behavior to a "trade down" in the value of goods purchased, as people have rediscovered travel and entertainment. He stated that consumers are willing to make large online purchases, including items costing $5,000 to $10,000, and suggested this represents a permanent shift toward e-commerce and omni-channel shopping. He also emphasized that convenient returns remain important for customer loyalty, though retailers aim to minimize the profit impact of managing returns. Angrick reported that Liquidity Services' top-line business had grown by more than 20 percent for eight consecutive quarters, citing buyer interest in saving money and environmental responsibility as drivers of demand for used goods.

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