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While the UK has experienced its warmest winter in 70 years, retailers have taken a substantial hit due to lower-than-average sales for seasonal merchandise as well as high return rates for winter wear. As a result, retailers have been left with considerably more excess winter stock than usual; most of which can’t remain or go back on store shelves, says Howard Rosenberg, CEO of B-Stock Solutions.
Return stock is an issue for all retailers: 15% of all goods are either returned, or never sold [2] and retailers and manufacturers ultimately sell more than 95% of this excess inventory on the secondary market, 2] making it extremely important to have an effective plan in place.
Each year, B-Stock facilitates the movement of billions of dollars worth of returned and overstock inventory via the world’s largest B2B recommerce marketplace. This means, of course, that we sit in the middle of a two-sided network madue up of…