Tail goods market, as its name implies, is the market for collecting and distributing tail goods. Tail goods refer to the overstocked products produced in the process of production and circulation, which meet the relevant national standards in terms of function and safety. Tail goods are usually out of season, broken codes or even defective products, but they are not fake, foreign garbage or second-hand goods.

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According to the different business models, the tail goods market can be roughly divided into three categories: market business model, shopping mall business model, warehouse wholesale, brand discount stores and factory stores.

There are a huge number of goods in stock in China, which will produce tail goods in different industries such as clothing, shoes and hats, jewelry, luggage, home appliances, mobile phones and furniture. According to statistics, in the clothing tail market, China produces no less than 50 billion pieces of clothing every year. According to the proportion that the production of a batch of original clothes will produce 3% to 5% of the tail goods, it can normally produce 5 billion pieces of inventory.

A large number of tail goods put pressure on manufacturers' inventory and capital turnover, and small-scale and scattered tail goods merchants did not have enough digestion ability. Therefore, it is urgent to establish a special tail goods market to provide formal and fixed places, supporting facilities and related services for buyers and sellers engaged in tail goods trading.