This website uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To find out more and change your cookie settings, please view our Privacy Policy.
-
Category
-
Marketplaces
Popular Marketplaces
New Marketplaces
-
Returns are a big — if unsung — part of the holiday season. According to data compiled by B-Stock Solutions, a marketplace that liquidates returned merchandise for retailers like Amazon, Macy’s, Target, Costco, Walmart, Home Depot, and Best Buy, if Q4 is all about holiday spending, Q1 is all about handling the wave of returns that the experts have dubbed Returnageddon.
About one-third of consumers will return something when all the holiday excitement is said and done, adding up to over $90 billion in value. Trendy women’s apparel, specialty kitchen items, tools, seasonal items and toys lead the pack when it comes to items sent back — and there is a lot of it. According to B-Stock’s figures, the number of truckloads of returned merchandise doubles in Q1 as the inventory the firm sees from its clients spikes up 60 percent. All in, 25 percent of returns take place during the holiday season — and the number of returns has been growing. As of 2017, returns were up 50 percent from 2015 and 35 percent from 2016.
More from the B-Stock Blog
Unlocking Value with Store Return Auctions: A Guide for Resellers
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…
Holiday Returns: By the Numbers
After weeks (or in some cases, months!) of holiday shopping, most consumers are getting ready to kick back and relax with an eggnog in hand and open their gifts. Sounds merry, right? Unfortunately, retailers still have a good chunk of…
2024 Holiday Returns: Managing the Post-Sales Surge
Black Friday and Cyber Monday 2024 have shattered records yet again. By the end of Black Friday, $10.2 billion was spent online (a 16% increase), while Cyber Monday sales surged to $11.5 billion, making it the biggest online shopping day…
