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Case studyUpdated By John Coorey

Excess inventory: 4,378 padlocks, shade sails, BBQ covers and springs

This hardware excess inventory parcel held 4,378 units: 3,333 padlocks from brands including Yale and Lockwood, 41 shade sails, 51 BBQ and furniture covers and 953 springs. Hardware is durable and well branded, so it suits a wide range of buyers.

This was an excess inventory hardware parcel of 4,378 units. It mixed well-known padlock brands with outdoor and hardware lines, and we offered it to our buyers as a parcel.

Line Quantity
Padlocks 3,333
Shade sails (Coolaroo) 41
BBQ and furniture covers (S & D Berg) 51
Extension springs (EHI) 953

The padlocks covered a long list of brands, including Yale, Lockwood, Stanley, Burg Watcher, Home Sentry, Design Go, Federal, Handy Hardware, ITW Proline, Key Guard, Lane, Medalist, RiteFit, Sirdar, Sontax and Tekraft. Ranges included high-security, rustproof, brass, combination and long-shackle locks, plus laminated steel padlocks with hardened shackles.

Why does hardware end up as excess inventory?

Hardware suppliers carry wide ranges for big retail customers. A range review, a packaging change or a lost listing can leave hundreds of SKUs without a home. The product is fine. The shelf space has gone.

What makes hardware excess inventory sellable?

  • It doesn't expire. Padlocks and springs last on the shelf for years.
  • Trusted brands. Yale and Lockwood are names buyers know.
  • Everyday demand. Locks, covers and springs are bought all year round.

What makes it harder?

Range spread. Many brands and SKUs in small quantities each take more work to place, and seasonal lines like shade sails and BBQ covers sell best before summer. A full stock list helps buyers pick what suits them.

Who buys hardware excess inventory?

Discount chains, hardware wholesalers, independent hardware stores, market traders and overseas buyers. Each buys for different reasons, so we structure the offer to suit them. Our guide to who buys excess stock in Australia covers the options.

What should you do with excess hardware stock?

Send us:

  1. A stock list spreadsheet: SKU, brand, description, quantity, and cost or RRP if you're happy to share.
  2. Photos of each line and its packaging.
  3. Where the stock is.

John discreetly surveys the market to find out what it's worth. In most cases he makes an offer for the whole parcel. If not, he gives his best advice on how to sell it.

Read our guides to excess inventory and overstocks, or sell your excess stock now.

Hardware stock to clear?

Share the details of your stock, attach a stock list or photos if you have them, and we’ll get back to you personally.

Stock list, photos & documents optional

Drop files or folders here, or browseTap to add photos & filesSpreadsheets, photos, PDFs, videos — any size, as many as you like

    Your details stay confidential. John replies the same business day. Prefer to talk? Call him on 0411 430 047.

    John Coorey

    Managing Director, Coorey and Co. Buying and selling excess stock for over 30 years.

    Frequently asked questions

    Do you buy mixed hardware parcels?

    Yes. A parcel that mixes padlocks, covers and springs is common. A clear list by line makes it easy to price.

    Does hardware stock go out of date?

    Rarely. That's one reason hardware is a good category to clear. Packaging changes are the main thing that dates it.

    Are well-known brands easier to sell?

    Usually. Buyers know Yale, Lockwood and Stanley, so they can price and sell them with confidence.

    Can you split a hardware parcel between buyers?

    Yes. Padlocks, shade sails and springs often suit different buyers, and we structure the offer accordingly.

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