Around 3.5 billion items are returned to retailers each year adding up to over $260 billion worth of merchandise. A large portion of this inventory can’t go back on store or virtual shelves – due to diminished item condition, damaged packaging or product obsolescence – and is slated for liquidation. Luckily the ‘L word’ (in this case) doesn’t have to be a term of frustration or thought of as a lost cause; in fact there is huge opportunity to recoup value for this inventory simply by applying technology and sound strategy.

B-Stock Solutions’ CEO Howard Rosenberg recently addressed the above topic in a Tech Guest Viewpoint for Chain Store Age magazine, specifically looking at how ditching manual methods and automating the liquidation process can bring efficiency and create a strategic business advantage. Consider this:

  • Selling inventory offline to one or two liquidators creates low recovery value
  • Time spent negotiating deals for every lot of merchandise takes away from core business activities
  • A Web-based solution allows thousands of buyers to compete for your inventory

To read more of Howard’s article in Chain Store Age, please click here. For more information on how B-Stock can build a technology based and data-driven solution for your returned, overstock or excess inventory, please contact us.

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

B-Stock Presents: BJ’s Liquidation Auctions

B-Stock is pleased to announce the launch today of BJ’s Liquidation Auctions – the official liquidation channel of BJ’s Wholesale Club. What is BJ’s Liquidation Auctions? This B2B marketplace will give qualified business buyers direct access to bulk quantities of…

Aug 05 2020 · 1 min read

How to Start a Business Using Retail Arbitrage

If you’ve ever shopped for items at TJMaxx or on eBay, you’ve encountered retail arbitrage. It’s a prolific practice, and nearly impossible to avoid. One of the reasons retail arbitrage is so common is because there is consumer demand and…

Aug 05 2020 · 7 min read

Grade A Award: Meet B-Stock’s Winners for Q2!

We’re proud to announce our Grade A Award winners for Q2 2020! These individuals were nominated by their peers in the categories of: Core Values: nominees must demonstrate behavior, actions, and attitude that exemplify honesty & integrity, intelligence & curiosity,…

Aug 04 2020 · 4 min read

Like what you see?

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