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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.
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…