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Continuous technology upgrades combined with the explosion of cell phone buyback, trade-in and refurbishing programs have created a robust secondary market for wireless devices. Consider this: the average person upgrades their phone every 22 months, most likely leveraging one of the thousands of cell phone trade-in programs available. Whether traded in to a mom-and-pop shop or sent back to a major wireless carrier, the majority of these devices will end up being sold in bulk. This presents a great opportunity for wireless retailers to obtain quality secondhand devices for resale.
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…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…