Retailers urged not to overlook reverse logistics as pressure to boost profits in 2017 continues to mount

Retailers are failing to adequately review the efficiency of their reverse supply chains, particularly when it comes to the quick and effective disposal of returned, excess and unwanted stock, claims retail expert Howard Rosenberg, CEO of B-Stock Solutions. New research has revealed that, despite frequent and significant investment, only three per cent of retailers in …

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How independent retailers can remain competitive on returns

It’s clear there is a seismic shift happening in retail right now. Once steadfast department stores and high-profile retail chains are announcing massive store closures and bankruptcies, while billions of pounds in sales are moving from in store to online. While this evolving retail climate is creating issues for some, many are successfully shifting their …

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Trends in fashion retail spark need for reverse logistics

The fashion retail industry experienced a disappointing year end: overall retail sales volumes in December dropped 2% while high street retail giants such as Next, Primark, Debenhams, and M&S reported lower-than-expected-earnings. On top of this, January brought with it a flood of product returns: relaxed return policies and the increase in online spending lead UK …

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Finding value in reverse logistics in fashion retail

Driving the cost out of your returns process and rethinking whatever program you have in place is a must in today’s highly competitive retail landscape, and can mean the difference between winning and losing. Everyone’s done it: ordered a few sizes or styles of clothing from an online retailer with the intention of sending back …

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Making the Case for Strategic Liquidation Planning

Every company has liquidation inventory: returned, excess, obsolete or damaged merchandise that can’t go back on store shelves. Though most organizations would rather not admit they have a need for it, liquidation is the rule – not the exception – in retail. Given how competitive retailing is today, the ability to squeeze margin out of …

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How to avoid this silent sales killer

It’s not just the threat of a big box retailer or the cost of demand gen that could come between you and this season’s highest sales. There’s another potential bump in the road to increasing growth: the success of your business customers. Your business customers are your most valuable asset and their prosperity is integral …

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What happens to merchandise when stores go out of business?

JC Penney is the latest retailer to announce it will be closing stores this year. The struggling department store will shutter 140 stores by the end of June. The company is offering early retirement to 6,000 full-time employees. Two distribution centers will also be closed. “Consumer behavior is continuing to shift and it is making …

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Reverse logistics in the fashion retail industry

For UK retailers, the 2016 holiday period was a let-down to say the least: overall sales volumes for December dropped 2 per cent while some of the largest high street retail giants including Next, Debenhams, M&S and Primark reported lower-than-expected-profits. On top of this, January brought with it an influx of returns: relaxed customer return …

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Posted in: In The News