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Resale is a hot and growing retail trend being driven by millennials and Gen Z consumers who like the value and sustainability of buying used goods.
Since 2017, there has been a 700 percent increase in the number of buyers bidding on listings including luxury brands, according B-Stock Supply. The company is an online auction marketplace for retailers like Macy’s, Zulily and Nordstrom to sell returned and excess merchandise directly to small-business buyers and resellers, including Poshmark.
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…