B-Stock, a business-to-business marketplace, announced on Tuesday that private equity firm Spectrum Equity has invested $65 million to help drive expansion. Additional financial terms were not disclosed.
E-commerce is driving a lot of retail growth, but it’s also helping upend the supply chain, the result of intense fulfillment demand and growing returns. The value of retail returns last year rose 53% from 2015 to $400 billion and the growth of e-commerce is stoking that, according to B-Stock’s research. Returns of brick-and-mortar purchases tend to hover at 8%, while e-commerce returns can reach as high as 15% to 30%, according to CBRE, which reports that likely value of online returns during the 2017 holiday season was $32 billion, up from 2016’s estimated $28 billion.