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Here’s a real holiday surprise – about $63 billion worth of gifts will be returned shortly after Christmas, according to Howard Rosenberg, CEO of B-Stock Solutions, which helps track, process and re-sell returns from top six U.S. retailers like Walmart and Home Depot.
B-Stock reports gift returns comprise 10% of all holiday sales, and 20% of returns take place in December, mostly the week after December 25. The company also says its largest retail clients are anticipating a substantial year-over-year increase in returns come January and have told us to expect increased inventory volumes through March.
Inventory reduction strategies are key to running a successful business. Managing inventory well ensures you have enough products to meet customer demand while avoiding carrying extra stock which can clog up warehouse space and add to overhead resources. Composite inventory…
B-Stock began launching our employee resource groups (ERGs) in 2022 as part of company-wide DEI initiatives. ERGs are voluntary, employee-led groups that unite people as members and allies of a shared community to further foster a diverse, inclusive workplace. Since…
It’s no secret that liquidation auctions are revolutionizing the global marketplace. They’re a smart way for businesses to buy and sell excess or returned inventory. Sellers list large quantities of products, and buyers bid on them, often securing good deals.…