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Chances are that your friend’s snazzy new TV — the one you watched the Super Bowl on — won’t be there the next time you visit. That’s because more consumers are capitalizing on retailers’ lenient return policies to watch pro football’s championship match on state-of-the-art TVs they can’t afford by buying, using and then returning them after the big game.
“Wardrobing” — the practice of returning nondefective used merchandise — constitutes a form of retail fraud that 33.1 percent of companies surveyed by the National Retail Federation said they experienced in 2018.
Some of the world’s largest wireless OEMs, carriers, and trade-in companies leverage B-Stock’s B2B marketplace to maximize their profits on trade-in mobile devices and accessories. Get insight into secondary market trends to fetch the highest prices for your devices.
Every April, Earth Month serves as a reminder that sustainability isn’t a trend: it’s an imperative. For retailers and brands managing the constant flow of returned, excess, and pre-owned inventory, the question is no longer whether to embrace sustainable practices,…
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…