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Price and item availability are among consumers’ biggest concerns this holiday, with inflation surging past 6% and supply chain bottlenecks leaving some shelves bare. To compensate, an increasing number of people are considering gifting used items, particularly those that have been refurbished by manufacturers.
Unlike other used options, refurbished items are often returned to the original manufacturer for testing and repair before being sold again, giving consumers more confidence that what they’re buying is legitimate. Many electronics brands and retailers, such as Apple, Best Buy and Newegg, offer refurbished merchandise, as does home furnishing retailer Ikea, which is facing a supply shortage that will likely last through the middle of next year.
Managing returned inventory across multiple locations is no small task. For JCPenney, a fragmented process, inconsistent recovery rates, and limited buyer competition made it difficult to maximize the value of returned merchandise. By partnering with B-Stock, JCPenney centralized its B2B…
Back-to-school season is here! For resellers, it’s one of the best times of year to move inventory, attract new buyers, and position your business as a smart way to save on popular products. This year, budget-conscious shoppers are getting their…