As online retailers ship out loads of goods this season, parcel carriers already are lugging many of those purchases back on the reverse trip. Of the 800 million packages United Parcel Service Inc. expects to deliver this holiday season, more than 24 million in December alone will be shipments heading back to the sender. UPS estimated Wednesday would be the highest volume day for returns, with shipments reaching 1.5 million—even more than the projected postholiday peak of 1.3 million on Jan. 3.

Roughly a third of this season’s $123 billion in estimated online sales are expected to be returned, according to B-Stock Solutions, which runs online liquidation sites for major retailers.

Read full Wall Street Journal article >>

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

The Art of Sourcing Inventory for Resale

If you’re starting a resale business, one of the most important considerations is inventory sourcing. Ideally, you want to find products that you can acquire cheaply, turn around quickly, and ship easily. Of course, this is easier said than done.…

Oct 21 2020 · 7 min read

Why eCommerce Returns Are Worth a Second Look

When it comes to customer returns, not all are created equal. Depending on the retailer’s return policy, some merchandise will be taken back even if extremely used, damaged or in salvage condition. This is particularly the case with in-store returns:…

Oct 21 2020 · 2 min read

‘Tis the Season: What to Source for Holiday 2020

As we head into the holiday sourcing season, it’s time to think about what shoppers really want. As it turns out, what’s been in demand already this year will continue to top holiday shopping lists. People are looking for gifts…

Oct 19 2020 · 2 min read

Like what you see?

Subscribe to our newsletter to get the latest news from B-Stock.