Billions of dollars of apparel sales are moving from brick and mortar to online: the big shift – according to Internet Retailer – occurred last year when web sales of apparel grew 20.4% versus 1% for physical stores. In one year “the web’s share of U.S. apparel sales grew to 17.9% from 15.5%” and that percentage is expected to rise. The growth is good news for apparel-centric e-retailers as well as those stores that have created robust online apparel operations; however as consumers continue to modify their purchasing behavior (heading online instead of into a physical store), e-retailers must be ready for a substantial spike in returns. When you consider apparel – purchased online – boasts one of the highest return rates, that’s millions of dollars worth of merchandise coming back annually that must be accounted for.

This trend creates a new urgency for retailers to put an efficient reverse logistics process in place, including how to capture the most value for the apparel that cannot be returned to virtual shelves and is slated for liquidation or the secondary market.

If you still answer the question, “How do you liquidate excess inventory?” by saying something like, “We have a couple of guys we sell to over the phone,” you are doing yourself a disservice as you are undoubtedly leaving huge amounts of money on the table. By ditching traditional methods like the aforementioned, and applying technology to the process, there is an opportunity to recoup so much more.

Some world’s largest e-retailers are leveraging B-Stock’s award-winning, technology-based, and data-driven solutions to achieve a 30-80% higher recovery rate for their returned and excess inventory, including apparel. This includes B2B and B2C Enterprise Solutions for large organizations and our SMB Solution: B-Stock Supply.

For more information on the clients we serve, please visit our B-Stock Sourcing Network. If you’re interested in learning more about how B-Stock can build a customized web-based solution for returned, overstock or excess inventory, please contact us.

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

B-Stock Europe Presents: Currys PC World Auctions

B-Stock is pleased to announce the launch today of Currys PC World Auctions,  an official liquidation channel of Dixons Carphone. What is Currys PC World Auctions? This B2B marketplace will give qualified European business buyers direct access to bulk quantities…

Aug 11 2020 · 1 min read

Introducing the B-Stock Minute

Wish you could keep up with the latest secondary market trends but don’t have time to sit through a 30-minute webinar? We figured. Introducing the B-Stock Minute, a video series dedicated to updating you on the most recent trends that…

Aug 11 2020 · 2 min read

FAQs for First-Time Resellers

How can I start my reselling business online? Reselling liquidation lots can be a fun, fascinating, and profitable business. Many people would like to get in on such a venture but don’t know where to start. The first and most…

Aug 10 2020 · 5 min read

Like what you see?

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