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B-Stock Solutions is reaping in the benefits of a strong market for excess merchandise liquidated online. The Belmont, Calif.-based company recently received $65 million in funds from investment firm Spectrum Equity, bringing its total funding from investors to $73.2 million, B-Stock says.
B-Stock develops and hosts liquidation marketplaces for retailers and manufacturers, including such names as Amazon.com Inc., General Electric, Boise Paper, Essendant, CDW, Macy’s, Walmart, Sears and The Home Depot. Client marketplaces cover several product categories, including apparel, home appliances, automotive, computers, industrial equipment and office supplies. Each marketplace is open only to approved buyers, such as wholesalers and retailers.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…