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Method of Direct-to-Consumer Reverse Logistics

  • US 20110145088A1
  • Filed: 02/22/2011
  • Published: 06/16/2011
  • Est. Priority Date: 07/13/2007
  • Status: Active Grant
First Claim
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1. A method of auctioning one or more items directly to purchasers from a retail store, comprising:

  • a. Providing store shelves in said retail store and products for purchase on said store shelves;

    b. Providing a wireless communication network in said retail store;

    c. Providing at least one logic engine wherein said logic engine is operatively connected to said wireless communication network;

    d. Locating said products for purchase on said store shelves of said retail store eligible to be auctioned, said products for purchase eligible to be auctioned being auctionable products;

    e. Scanning a product code of each said auctionable product with a scanning device, said scanning producing auctionable product data and auctionable product location data;

    f. Transmitting said auctionable product data through said wireless communication network;

    g. Sorting said auctionable products into at least one bundled lot for sale in said retail store;

    h. Producing a unique identifier for each said bundled lot, said unique identifier having machine readable indicium;

    i. Initiating a direct-to-consumer auction for the sale of each said bundled lot directly to said one or more purchasers; and

    j. Auctioning each said bundled lot in said auction to said one or more purchasers whereby each said one or more purchasers is selected from the group consisting of a highest bidder in said auction from said retail store and a best bidder in said auction from said retail store.

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