B-Stock Solutions is reaping in the benefits of a strong market for excess merchandise liquidated online. The Belmont, Calif.-based company recently received $65 million in funds from investment firm Spectrum Equity, bringing its total funding from investors to $73.2 million, B-Stock says. B-Stock develops and hosts liquidation marketplaces for retailers and manufacturers, including such names as …
The rise of eCommerce, and the fierce competition it has produced among merchants, has led to return policies that are liberal, inexpensive and nearly hassle-free for consumers. Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market. The evolution of that business was among the …
The value of retail returns last year rose 53% from 2015 to $400 billion, and the growth of e-commerce is stoking that, according to returns and overstock supply company B Stock. Returns of brick-and-mortar purchases tend to hover at 8%, while e-commerce returns can reach as high as 15% to 30%, according to CBRE, which says that …
In an effort to drive customer loyalty, retailers are stepping up their game when it comes to the ease of returning items: special ‘returns’ entrances, pop up kiosks at the mall for items purchased online, year-long deadlines, third-party apps, and label-free returns are among the options. But a happy return for the customer is a …
Private Equity Deals • Comcast reportedly is speaking with private equity firms about participating in an improved offer for the entertainment 21st Century Fox, whose deal with Disney yesterday received anti-trust approval. http://axios.link/2YFn • Athene (NYSE: ATH), a life insurer backed by Apollo Global Management, is in talks to buy all or part of General Electric’s (NYSE: GE) long-term care insurance business, per the FT. http://axios.link/f1FC …
Here’s more on those and other midweek venture deals in the Bay Area: Funding: • Silver Peak Systems Inc., Santa Clara, $90 million: Technology Crossover Ventures made this late stage investment in this 14-year-old provider of software-defined networking technology. (Read more here.) • B-Stock Solutions Inc., Belmont, $65 million: Spectrum Equity provided a private-equity round of funding for this online auction …
B-Stock, a business-to-business marketplace, announced on Tuesday that private equity firm Spectrum Equity has invested $65 million to help drive expansion. Additional financial terms were not disclosed. E-commerce is driving a lot of retail growth, but it’s also helping upend the supply chain, the result of intense fulfillment demand and growing returns. The value of …
Good morning, Term Sheet readers. VENTURE DEALS • B-Stock Solutions, a Belmont-based online auction platform for returned, excess and other liquidation inventory, raised $65 million. Investors include Spectrum Equity.Read full Fortune.com article >>
B-Stock, a business-to-business marketplace for returned, excess, and other liquidation merchandise, has secured $65 million in funding. Click here for more funding data on B-Stock “B-Stock is the clear leader in the online liquidation space having delivered massive value to a long list of global, blue-chip customers. CEO and co-founder Howard Rosenberg and his team are enabling …
B-Stock, the business to business marketplace for returned, excess and other liquidation stock has received $65 million in funding from growth equity firm Spectrum Equity, the first time PE funding has been pumped into the reverse supply chain and liquidation sector. The investment will help expand its technology-based liquidation solution. “As more retailers and manufacturers …
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