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Most Americans (77%) said they expect to return at least some of the gifts they received during the holiday season, according to data from B-Stock Sourcing, an online liquidation marketplace. Roughly $90 billion worth of merchandise will be coming back to retailers (though most of that does not end up back on the shelves of the stores that sold the items in the first place).
“After they hit the return counter, where do the unwanted gifts from retailers like Amazon, Walmart, Target, Costco, Home Depot, Nordstrom, and Macy‘s end up?” the report said. “Believe it or not, less than 10% of returns actually go back on primary shelves.”
Within the last few months, Big Lots, Channel Control Merchants, and American Freight have each announced bankruptcy. The immediate future looks different for each of these organizations, and while these developments were somewhat expected to those in the know, they’re…
Apple released four new iPhone 16 models in September 2024. While the announcement, hype, and release happened just as consumers and players in the mobile industry have come to expect, what happened next in the secondary market was something of…