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Consumer behavior is continuing to shift: online spending is rising while brick-and-mortar foot traffic is declining. What’s more, many stores are playing catch-up when it comes to their e-commerce operations or are struggling to compete in a very demanding online environment teeming with competition.
All this is forcing many retailers to close physical stores (we’ve seen some big names in the news lately), leaving them with millions of dollars in excess inventory to sort out behind the scenes. Instead of sending the merchandise to another store or marking individual items for closeout, the majority of it will be slated for liquidation and sold into the secondary market.
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…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…