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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:
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.
Each year, B-Stock facilitates the movement of billions of dollars worth of returned and overstock inventory via the world’s largest B2B recommerce marketplace. This means, of course, that we sit in the middle of a two-sided network madue up of…