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As virtual shopping bags replace physical ones, it’s important for retailers to update their policies and logistics strategies to align with consumer behavior and expectations.
This is particularly the case when deciding how to handle apparel returns, which boast one of the highest return rates: one in three purchases are sent back.
This trend, and the growing cost associated with it, creates a new urgency for e-retailers to rethink their reverse logistics processes. This includes what happens to the merchandise that cannot be returned to virtual shelves and is slated for liquidation on the secondary market.
What makes recommerce such a big opportunity in retail today? It’s a quickly changing scene! Seasonal clear-outs and the mass unloading of excess inventory are no longer the only uses for liquidation and resale. Rather, astute manufacturers, retailers, and business…
B-Stock’s internship program launched in 2021, and since then, we’ve had the pleasure of welcoming and working with over 30 interns! From Finance and Product to Engineering and Marketing, our interns have left their mark across all of B-Stock and…