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Globally there is a huge demand to change the way we interact with and treat the world, particularly since news broke in 2018 that we have only 12 years to limit catastrophic climate change.
The retail industry can be particularly wasteful: returns and excess inventory exceeds $1.2tn globally. Products that have been damaged or are no longer fashionable are notoriously hard to resell, and retailers are often forced to dispose of them.
More from the B-Stock Blog
Unlocking Value with Store Return Auctions: A Guide for Resellers
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…
Holiday Returns: By the Numbers
After weeks (or in some cases, months!) of holiday shopping, most consumers are getting ready to kick back and relax with an eggnog in hand and open their gifts. Sounds merry, right? Unfortunately, retailers still have a good chunk of…
2024 Holiday Returns: Managing the Post-Sales Surge
Black Friday and Cyber Monday 2024 have shattered records yet again. By the end of Black Friday, $10.2 billion was spent online (a 16% increase), while Cyber Monday sales surged to $11.5 billion, making it the biggest online shopping day…
