For UK retailers, the 2016 holiday period was a let-down to say the least: overall sales volumes for December dropped 2 per cent while some of the largest high street retail giants including Next, Debenhams, M&S and Primark reported lower-than-expected-profits. On top of this, January brought with it an influx of returns: relaxed customer return policies, the shift to online spending (which brings much higher return rates) and increased buyer’s remorse lead UK consumes to bring or send back one in three purchases. This trend, and the growing cost associated with it, creates a new urgency for 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.

Read Full Article >>

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

The B-Stock Minute: Low Auction Start Price

“How strongly do you feel about a low auction start price?” When we review auction strategy with our clients, it’s a question we always ask. And while starting an auction at a low price may seem counterintuitive, the opposite is…

Sep 22 2020 · 2 min read

Forward Thinking Friday: Celebrating National Hispanic Heritage Month

If you’re a Hispanic-owned business who works with the B-Stock network, we’d love to hear from you! Drop us a line so we can feature you in our Spotlight article at the end of the month. Email Us This week,…

Sep 18 2020 · 3 min read

What is “Scratch & Dent” Merchandise?

Every year, countless consumers replace or buy new appliances. Since it can be one of the most expensive costs in a home, homeowners are always looking for companies that can offer better prices. Prices on new appliances range from $350…

Sep 17 2020 · 4 min read

Like what you see?

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