Month: May 2016

How to Reduce Loss for Excess and Returned Merchandise

Consumer behavior is continuing to shift: online spending is rising while brick-and-mortar foot traffic is declining. What’s more, many stores are playing catch-up when it comes to their e-commerce operations or are struggling to compete in a very demanding online environment teeming with competition. All this is forcing many retailers to close physical stores (we’ve …

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Posted in: In The News

Why Independent Retailers Need to Take More Notice of Overstock Auctions

Operating an independent business can be an uphill battle at times, this includes the challenge of obtaining desirable, consistent and well-priced stock capable of fetching a decent profit. What’s more as an independent watch retailer, it’s essential to stand out from the crowd, highlighting the importance to find unique stock that your competitors don’t have …

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Posted in: In The News

Buyer Spotlight: Jay Roberts of Real Deal Warehouse

Around 15% of items are returned to or never sold by retailers; this amounts to hundreds of billions of dollars in merchandise that can’t go back on store or virtual shelves and is slated for the secondary market. This is where B-Stock comes in: we connect retailers’ and manufacturers’ excess merchandise directly to business buyers, …

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Some of My Best Friends Are Brokers

I’ve spent a couple of decades helping companies deal with risk inventory: from designing reverse logistics processes, setting up refurbishing operations and establishing remarketing sales channels. Along the way I have developed long-term relationships with a lot of brokers and I have spent more than a decade in a broker role as well. When I …

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Posted in: In The News

Industry Opinion: Why independent jewelers need to take more notice of overstock auctions

The jewelry industry is notorious for holding large amounts of overstock of products which can’t be shifted. Here Ben Whitaker director EMEA of B-Stock Solutions considers the importance of web-based B2B auctions when it comes to helping to shift that stock. Sagging sales for large jewelers and manufacturers have left considerable amounts of overstock merchandise that …

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Posted in: In The News

Combating Ecommerce Returns with Technology

The explosive growth of ecommerce sales is bringing a subsequent spike in ecommerce returns. To put it in perspective: Returns are projected to grow at a 15% annual rate, and 30% of online purchases were returned last year, according to research from commercial real estate firm CBRE. Buyer’s remorse from consumers not being able to …

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Posted in: In The News