Category: In The News

A Guide to Buying Returned and Excess Merchandise

Around $440 billion worth of merchandise is returned each year – a lot of which can’t go back on the shelves. But one retailer’s headache is another’s opportunity, and for online sellers, independent retailers and resellers, there has never been a better time to source returned and excess merchandise on the secondary market. So, how …

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Posted in: In The News

Tales of the Unexpected

Considering holiday sales can account for as much as 30 percent of annual revenue, it’s no wonder retailers begin preparing for Christmas in July! But with ever-changing buyer behavior, trends toward ecommerce, high return rates (one in three gifts are returned) and fluctuating sales over recent years, what was once a slam-dunk season, has become …

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Posted in: In The News

Better Manage Excess Inventory & Overstocks

Overstocks and excess goods are a reality for any convenience store, and an anticipated — albeit frustrating — cost of doing business. The cost is greater, however, if the handling of them is left up to reactive or inefficient methods (like selling off to a liquidator or disposing of the merchandise). Given tight margins and the importance of maximizing …

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Posted in: In The News

Navigating Reverse Logistics in an E-commerce World

Most think of the supply chain as a forward-moving process with one end goal—getting product into the customer’s hands. But the growth of e-commerce and greater consumer awareness has created new challenges not only in moving a product forward but also backward. The days of a linear supply chain have long passed, making way for …

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Posted in: In The News

Why liquidation is worth worrying about

Though most organizations would rather not admit it, when it comes to the handling of returned, excess, and otherwise obsolete merchandise, liquidation—the quick disposition of assets for a fraction of their original price—is the rule in retail. Around 95 percent of returned and unsold merchandise will end up slated for the secondary market (a post-retail …

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The Global Trend of Reverse Logistics

As the representative of Guangzhou JST logistics, I attended the 2017 North America Annual Conference of the Reverse Logistics Association (hereinafter referred to as RLA) held in Las Vegas from February 21st to 23rd. The conference was chaired by the newly selected Executive Director of the RLA, Tony Sciarrotta. There were 400+ delegates from North …

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Posted in: In The News

It’s Time For Manufacturers To Prioritize Returned And Excess Inventory

Every manufacturer has surplus: returned, excess or overstock inventory that sits in a warehouse, taking up space. Lack of innovation over the past few decades around how organizations approach disposing of their surplus inventory has resulted in billions of dollars lost and can no longer be left to inefficient, reactive or outdated methods. Considering 15 …

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Posted in: In The News

Sourcing trade-in devices for resale? Not all B2B channels are created equal

Continuous technology upgrades combined with the explosion of cell phone buyback, trade-in and refurbishing programs have created a robust secondary market for wireless devices. Consider this: the average person upgrades their phone every 22 months, most likely leveraging one of the thousands of cell phone trade-in programs available. Whether traded in to a mom-and-pop shop …

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