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Its been over a week since the 2016 Rio Olympics ended and while many are now focusing on the next Olympics, Brazil still has a lot to do with what’s left after the event.
For the Rio Olympics, the country built 31 buildings with 17 floors each. The buildings have more than 3,500 apartments. Thousands of athletes, trainers and medical staff stayed there during the Olympics. Having more than 10,000 people at the athletes village requires the apartments to have furniture. Beds, tables, desks and just about everything they needed for the event were placed in the apartments. That’s a lot of furniture for just 16 days of Olympic competitions, so what happens after the event?
For finance leaders at large retailers and brands, excess and returned inventory can pose a significant drag on working capital and margin performance. With returns projected to cost U.S. retailers $850 billion annually—roughly 17% of total sales—and processing costs ranging…
San Mateo, CA and Chicago, IL, Feb. 11, 2026 (GLOBE NEWSWIRE) — New data from both Circana and B-Stock reveals the age of smartphones traded-in reached an all-time high during the 2025 upgrade cycle, with most devices being three generations…