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Whether it’s an ugly sweater (or a not-ugly-enough sweater), some headphones that weren’t wanted or a phone that’s now outdated, the returns pile up quickly.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.

Author

Editorial Team

Author

B-Stock Editorial Team

More from the B-Stock Blog

‘Tis the Season for Secondhand Gift-giving
‘Tis the Season for Secondhand Gift-giving

The official start of the holiday shopping season is upon us with the bulk of spending set to take place over the Thanksgiving holiday as consumers and retailers look to capitalize off of Grey Thursday, Black Friday, Small Business Saturday,…

Nov 21 2024 · 4 min read

The B-Stock<br>Apparel Insider
The B-Stock
Apparel Insider

Nov 20 2024 · 0 min read

An Insider’s Guide To Liquidation Pallet Purchases
An Insider’s Guide To Liquidation Pallet Purchases

In the modern world of e-commerce and retail, resellers and small business owners alike are searching for affordable methods to replenish their inventory. Purchasing liquidation pallets has emerged as a positive strategy for many. This is thanks to abundant customer…

Nov 20 2024 · 6 min read

Like what you see?

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