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Apparel valued at over £1 billion was returned to British retailers in 2013, topping all other retail categories, according to Statista. The vast majority of returned merchandise cannot go back on store shelves, meaning that many retailers are left with billions of pounds’ worth of excess product in the stockroom. But as the saying goes, one man’s rags is another man’s riches, and for independent lingerie retailers, there has never been a better time to source returned merchandise via the secondary market.
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…