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Convenience is often cited as the top reason why shoppers head online rather than in store. But for retailers, this shift results in a few inconvenient truths.
First, the shift has resulted in plummeting same-store sales in brick-and-mortar locations.
Second, these online transactions all too often become a two-way street. The National Retail Federation says the amount of merchandise returned increased by 52 percent from $171 billion in 2007 to $260 million in 2015.
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…