Month: July 2015

Send It Back: More Online Spending Means More Returns

These days, you’d be hard pressed to find a major retailer that doesn’t offer an online platform or store to purchase items from, and for good reason: now more than ever consumers are heading online to make purchases. In fact, current statistics show that 89% of consumers prefer to shop online – not surprisingly – …

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Amazon's Woot launches a B2B auction site for excess merchandise

Woot, a daily-deal retail site and Amazon.com Inc. subsidiary, recently launched a business-to-business e-marketplace—Woot Liquidation Auctions—where merchants and other businesses can buy excess merchandise. The online B2B auction site, developed by B-Stock Solutions and located online at Woot.BStockSolutions.com, allows business buyers to bid on new, excess merchandise. Businesses can buy anything on the site from a …

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Posted in: In The News

Rethinking Recovery: Using Data and Technology to Tackle Customer Returns and Overstock

Retailers and manufacturers liquidate more than 95 percent of customer returns and overstock inventory on the secondary market, making it very important for them to be smart about liquidation and perhaps rethink whatever program(s) they have in place. Traditional liquidation methods, including selling this distressed inventory to one or two liquidators, always leave money on …

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Posted in: In The News

Building a Scalable Liquidation Solution

Relaxed return policies drive customer loyalty but can wreak havoc on reverse logistics. Given the amount of merchandise returned each year is steadily growing (in 2014 it was up 6%), reducing internal costs in the handling of this returned merchandise is critical in today’s competitive retailing environment, especially when it comes to merchandise slated for …

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