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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.
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…