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Returns are inevitable in retail – but what can a retailer do with them all? Ben Whitaker, Director of EMEA at B-Stock takes a look at how a B2B marketplace may have the answer.
Returned and excess inventory comes with the turf in retail. Even with strategies in place to offset returns prior to purchase, retailers will never be able to completely eliminate items coming back: in the United Kingdom alone, retailers collectively see around £60 billion worth of stock coming back every year.
Each year, B-Stock facilitates the movement of billions of dollars worth of returned and overstock inventory via the world’s largest B2B recommerce marketplace. This means, of course, that we sit in the middle of a two-sided network madue up of…