Last year, Britons spent 110 billion pounds on stuff online: a 46% jump from 2019. After all, it’s easy, you push the ‘buy now’ button and wait for the goods to be delivered to you. While most purchases hit the mark, some returns are inevitable. But what happens to all of those purchases after you send them back?

Just in the first three months of this year nearly six million items, worth an estimated 2.5 billion pounds, were returned. In many cases, retailers take those returns and resell them to businesses looking to get their hands on returned goods. And it’s a booming business. B-Stock’s Head of EMEA, Giorgio Vitale, and B-Stock buyer, Neil Barker, explain in this BBC Radio interview.

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

B-Stock’s Summer Teammate Spotlight 2022: Meet Jiarui Wang

B-Stock is so excited to welcome Jiarui Wang to the Product team this summer! As a summer teammate, we know Jiarui will be an incredible asset to the company. Jiarui is studying Quantitative Economics at UCLA. Learn a bit more…

Aug 10 2022 · 2 min read

B-Stock’s Newest Marketplace: NBG Home Liquidation Auctions

B-Stock is pleased to announce the launch today of NBG Home Liquidation Auctions – an official sales channel for NBG Home. What is NBG Home Liquidation Auctions? This B2B marketplace will give qualified U.S. business buyers direct access to bulk…

Aug 09 2022 · 2 min read

B-Stock’s Summer Teammate Spotlight 2022: Meet Sahmeirah Choi

B-Stock is so excited to welcome Sahmeirah Choi to the Engineering team this summer! As a summer teammate, we know Sahmeirah will be an incredible asset to the company. Sahmeirah is studying Computer Science with a concentration in Software Development…

Aug 05 2022 · 3 min read

Like what you see?

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