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The holiday shopping season is over, which means it’s time to prepare for another annual ritual that doesn’t get as much attention: returns season.
Total holiday returns this year could reach $90 to $95 billion, according to projections from B-Stock Solutions, a company that helps major retailers auction off returned merchandise to other businesses. The most frequently returned items post-holidays are “trendy” women’s clothing, toys, specialty kitchen items, and tools, a B-Stock Solutions spokeswoman told MarketWatch.
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…