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By the end of 2017 the value of retail returns will be the equivalent to total online sales: around $440 billion. These skyrocketing return rates are due primarily to the growth of ecommerce and buyer expectations of no-hassle, cross-channel return policies. What’s more, the majority of the merchandise doesn’t go back on store or virtual shelves and ends up sitting in a warehouse, taking up space, costing money and depreciating in value until someone decides to do something about it. Typically this would involve selling truckloads of it to a single liquidator at a rock-bottom price. This is a major problem for companies, many of which are fighting for survival in an increasingly competitive and volatile retail environment.
While the world watches and waits to see how the Trump administration will roll out and enact higher tariffs, the retail industry has been working overtime to prepare. The National Retail Federation (NRF) recently announced that they anticipate U.S. port…
The B-Stock Blue program connects you to quality merchandise sourced directly from select Amazon warehouses. Enjoy dependable products, fewer shortages, and fast shipping you can count on. Learn more about the program and how inventory gets processed by downloading this…