



The Story
A well-known apparel company acquired their #1 competitor and transitioned their business to be majority e-commerce. Because of this new consolidated business they had $800K in excess/discontinued inventory.
The Solution
Sherwood paid full wholesale price of $800K to the apparel company in exchange for their excess inventory; $100K cash and $700K business credits. Sherwood then sold the excess inventory to secondary and tertiary retailers which were approved by the apparel company.
The Results
This transaction yielded positive EBITDA for the apparel company, resulting in the utilization of their business credits in exchange for ocean freight, post-click fulfillment and the creation of a new digital media campaign.