Around 3.5 billion items are returned to retailers each year adding up to over $260 billion worth of merchandise. A large portion of this inventory can’t go back on store or virtual shelves – due to diminished item condition, damaged packaging or product obsolescence – and is slated for liquidation. Luckily the ‘L word’ (in this case) doesn’t have to be a term of frustration or thought of as a lost cause; in fact there is huge opportunity to recoup value for this inventory simply by applying technology and sound strategy.

B-Stock Solutions’ CEO Howard Rosenberg recently addressed the above topic in a Tech Guest Viewpoint for Chain Store Age magazine, specifically looking at how ditching manual methods and automating the liquidation process can bring efficiency and create a strategic business advantage. Consider this:

  • Selling inventory offline to one or two liquidators creates low recovery value
  • Time spent negotiating deals for every lot of merchandise takes away from core business activities
  • A Web-based solution allows thousands of buyers to compete for your inventory

To read more of Howard’s article in Chain Store Age, please click here. For more information on how B-Stock can build a technology based and data-driven solution for your returned, overstock or excess inventory, please contact us.

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

Facing Down Your Returned & Excess Inventory? Here’s What to Keep in Mind.
Facing Down Your Returned & Excess Inventory? Here’s What to Keep in Mind.

What is it that separates top consumer goods brands and retailers from the rest of the pack? Having well-designed, thoroughly tested products is one obvious answer. And there’s definitely something to be said for a helpful and efficient shopping experience,…

Mar 18 2024 · 8 min read

A Quick Guide to Buying and Selling Furniture Pallets
A Quick Guide to Buying and Selling Furniture Pallets

Are you looking for a cost-effective solution for buying or selling furniture? Furniture pallets might just be the answer you’ve been searching for. Whether you’re a business looking to purchase furniture in bulk or start selling furniture pallets of your…

Feb 28 2024 · 8 min read

The B-Stock<br>Mobile Insider:<br>Q4, 2023
The B-Stock
Mobile Insider:
Q4, 2023

Feb 01 2024 · 0 min read

Like what you see?

Subscribe to our newsletter to get the latest news from B-Stock.