No better way to kick off the New Year than by heading out to New York City for NRF 2018: Retail’s Big Show.
This time of year also happens to be retail returns season. And, while the holiday season was a success for most retailers, it’s likely there will be higher-than-normal customer returns to sort out. Case in point:
- 13% of holiday purchases are returned (3% higher than the average return rate)
- One in three online purchases will be returned – that’s 30%
- 20% of all returns take place at Christmastime
The way you handle returned inventory, especially the items that can’t go back on shelves, really matters. By letting it pile up in the back of the warehouse until you sell it to one or two buyers you are leaving money on the table.
There are better technology-based, automated approaches available. If you’re going to be at NRF and are interested in learning more about B-Stock’s online marketplace solution, head over to booth 455 to chat with the team.
Not going but still looking for a viable solution for returned or excess inventory? We’d love to chat with you about ways to offset loss and generate higher recovery (post-holiday and all year long). Please contact us anytime.
Listen to our recent Webinar: Tackling Holiday Returns.
Check out our Case Study Library for a sampling of client success stories.