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Former eBay development project B-Stock is focusing efforts on helping retailers and manufacturers to maximise the value of their returned, excess or liquidation stock through its online auction platform.
Ben Whitaker, B-Stock’s director for Europe, Middle East and Africa, explains that, as retailers and manufacturers shift from traditional retailing to e-commerce, this has created an increasing volume of goods purchased online and later returned, particularly in Europe. It is estimated that around 30% of goods bought online are returned against 8% bought in shops.
More from the B-Stock Blog
How B-Stock Builds Buyer Demand to Drive Success for Its Sellers
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…
