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Organisations and industries are facing increasing pressure to reduce their environmental impact. Apparel retailers in particular are feeling the scrutiny as they currently send around £140 million worth of wearable clothes to UK landfills each year, according to Clothes Aid. What’s more, consumers are likely to spend more money with their favourite retailers if those retailers have an environmentally conscious way of dealing with returned and excess stock.
And now, faced with an ever-increasing influx of excess and returned stock, retailers are under ever more pressure to find an economical and sustainable channel for the goods. By doing so, retailers will be able to preserve their brand image, recoup losses on excess stock and help to protect the planet.
Some of the world’s largest wireless OEMs, carriers, and trade-in companies leverage B-Stock’s B2B marketplace to maximize their profits on trade-in mobile devices and accessories. Get insight into secondary market trends to fetch the highest prices for your devices.
Every April, Earth Month serves as a reminder that sustainability isn’t a trend: it’s an imperative. For retailers and brands managing the constant flow of returned, excess, and pre-owned inventory, the question is no longer whether to embrace sustainable practices,…
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…