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Driving the cost out of your returns process and rethinking whatever program you have in place is a must in today’s highly competitive retail landscape, and can mean the difference between winning and losing.
Everyone’s done it: ordered a few sizes or styles of clothing from an online retailer with the intention of sending back the items that don’t fit. The expectation of free returns prompts this behavior while buyer’s remorse stemming from the customer not being able to touch or try on the product also plays a role.
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…