That unwanted holiday gift you finally sent back last week? It might not end up where you imagined.

Rejected sweaters, unwelcome blenders, or ill-fitting pajamas you thought you sent back to Sears or Amazon don’t always return to that store’s shelf, real or virtual. Increasingly, these products are sold at online auctions, an option that some companies have found to be an easier and more lucrative way to unload goods.

Think of it as an eBay for retailers. While companies have always unloaded surplus items, many are now working with online auction sites, which help resell the products — sometimes sight unseen, for pennies on the dollar — to salvage dealers, liquidators, or oversees merchants.

Read Full Article >>

More from the B-Stock Blog

Unlocking Value with Store Return Auctions: A Guide for Resellers
Unlocking Value with Store Return Auctions: A Guide for Resellers

Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…

Dec 18 2024 · 5 min read

Holiday Returns: By the Numbers
Holiday Returns: By the Numbers

After weeks (or in some cases, months!) of holiday shopping, most consumers are getting ready to kick back and relax with an eggnog in hand and open their gifts. Sounds merry, right? Unfortunately, retailers still have a good chunk of…

Dec 16 2024 · 3 min read

2024 Holiday Returns: Managing the Post-Sales Surge
2024 Holiday Returns: Managing the Post-Sales Surge

Black Friday and Cyber Monday 2024 have shattered records yet again. By the end of Black Friday, $10.2 billion was spent online (a 16% increase), while Cyber Monday sales surged to $11.5 billion, making it the biggest online shopping day…

Dec 11 2024 · 3 min read

Like what you see?

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