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Scott Fitzgerald noticed a trend in the way major retail stores handled their excess product and decided to take advantage.
Fitzgerald recently founded The Curb, a Tempe-based business that purchases returned or exchanged merchandise from big-box retailers and then resells them for a fraction of the price.
“During the 23 years, I saw how returns were an increasing problem in retail,” Fitzgerald said. “It’s too much work and labor for them to process the return.”
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…