This week marks the official kickoff of the holiday season as Thanksgiving gives way to another marathon of deals and shopping. Between Thursday and Monday, an estimated 165.3 million people are planning to shop this week, with some 114.6 million of them doing so on Black Friday. All in all, shopping—both online and in stores—is estimated to hit between $727 and $730 billion, up four percent from 2018. 

 

More than ever, consumers are taking advantage of deals they can’t pass up. And as Thanksgiving comes and goes, they get lost in a fog of food, family, and you guessed it: SHOPPING. But what happens after the holiday shopping spree, when the food coma has worn off and buyer’s remorse kicks in? Well, some $90 billion worth of products in returns to retailers. To put it in perspective: UPS is predicting a record-breaking 1.5 million returns on National Returns Day, slated for January 2, 2020. 

Whether it’s an ugly sweater (or a not-ugly-enough sweater), some headphones that weren’t wanted or a phone that’s now outdated, the returns pile up quickly.  Between extended return dates and the high cost to process returns back on the shelf, much of the $90 billion in returned products cannot go back on primary shelves; this equates to millions of dollars in lost profits to some of the world’s leading retailers.That’s where B-Stock comes in.

Hundreds of retailers (including nine out of the top 10 U.S. retailers) are attaining a 30-80% higher recovery rate for their returned and excess inventory. This includes B2B and B2C Enterprise Solutions for large organizations and our SMB Solution: B-Stock Supply. By leveraging our marketplace platform to auction their returned, excess, or other liquidation inventory, they’re achieving greater demand, higher pricing, and a faster sales cycle. 

Visit our Marketplaces Page to learn more about the clients we serve. And if you’re interested in a customized solution for your returned, overstock or excess inventory – post holiday and all year round – contact us.

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

Best Places to Purchase Returned Items

We’ve all been there. You got a gift you hate or made an impulse buy you later regretted. Maybe you got home and realized that you don’t have space for that kitchen gadget you just bought or that sweater you…

Dec 03 2020 · 5 min read

E-Commerce in Europe: 2020’s Irreversible Growth

What happens in the world of e-commerce when you combine consumerism and a global pandemic? As we’ve come to learn, irreversible market-shifting trends. As 2020 comes to a close, PostNord has shared their report, “E-commerce in Europe 2020.” In this…

Dec 02 2020 · 6 min read

Why DOT COM 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:…

Nov 30 2020 · 2 min read

Like what you see?

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