What happens to the stock of a store that has gone into administration?

[StuckBetweenDarknessAndLight]

My favourite shop has gone
I had an order with them which has been cancelled. What happens to the stock that is in their warehouses? It must go somewhere, and I'd like to get my last lovely items if I can. Where do they go?

They try to sell as much as they can, Then stuff goes to auctions maybe sold in a discount shop or a market stall?

Sold off either direct to customers ('closing down sale'), sold in bulk to discount sellers or sometimes returned to the original manufacturer.

I doubt it'll come to you. You will be a long way down a list of creditors. Who was it?

Oasis.

The administrators will sell it off, often in bulk or by auction as pps have said. All the creditors will be listed and there'll be an agreed % that each one gets of the total they are owed based on the final assets. Often this is only a very small percentage. If the cancellation of your order means you haven't paid, count yourself lucky!

Try John Lewis, they have loads of oasis stick online

So does that explain why JL and Tu are selling Oasis stock? Have they become retailers for them or have they just bought the leftover stock?

Asos hold warehouse and oasis stock too

Sainsbury's have been selling oasis for a while, I would imagine they'll keep going as an online and concession stor

Depends on title of ownership. Generally, under the suppliers T&c’s goods remain their property until it’s paid for. There can be legal niceties with that , depending on the industry , but i’ve seen lorries turn up with a dozen well fed men in jeans walk in and just take it all back. Possession being 9/10th of the law.