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Consumers now are now faced with a feast of options online to unearth the best offers. For retailers, while they’ve never had a greater pool of prospective customers, they’ve never had more competition vying for those same shoppers.
As such, retailers are facing mounting pressure to offer express delivery, flexible payments, and free returns, in order to maintain a lead. All these value-add offerings cut into margins, making satisfying customer demands an increasingly expensive business.
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…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…