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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.
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Recommerce and Sustainability: How B-Stock Is Closing the Loop
Every April, Earth Month serves as a reminder that sustainability isn’t a trend: it’s an imperative. For retailers and brands managing the constant flow of returned, excess, and pre-owned inventory, the question is no longer whether to embrace sustainable practices,…
Stop Managing the Excess Inventory Backlog. Start Clearing It.
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…
