CIT Commercial Services, the leading US factoring company, has entered into an agreement with RetailExchange.com, the online business-to-business exchange for surplus consumer products.
RetailExchange.com provides a market place for a range of consumer goods manufacturers, retailers and other related companies. It has one of the largest available online discount catalogues, which includes clothing, household equipment, health and beauty goods, toys and food. Deals are made by means of a sales system that allows buyers and sellers to negotiate directly online and so keep transaction costs to a minimum.