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When you return stuff to a store or in particular to an online store, generally it doesn’t end up back on the shelf. It ends up part of a collection of other returned items, which are sold at a discount to retailers specializing in closeouts. If you’re a businessperson who needs a truckload of baby stuff or watches, this may be your chance.
The site is sort of like eBay for truckloads of stuff, and other retailers use the same company, B-stock Solutions, to get rid of their random lots of inventory. The founder of the company actually calls this business “re-commerce.”
More from the B-Stock Blog
Data To Tackle Excess Inventory Challenges: Discover B-Stock’s Recovery Insights Tool
With a projected annual return rate of 16.9%, 2024 saw a staggering all-time high of $890 billion worth of merchandise returned to retailers. While a natural byproduct of retail, this merchandise places immense pressure and additional costs on retailers and…
The Dynamics of Online Pallet Auctions
Retailers and manufacturers require effective strategies to handle excess and returned inventory in today’s fast-paced e-commerce market. Online pallet auctions are becoming a more and more common way for companies to get rid of excess inventory in large quantities while…
