This website uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To find out more and change your cookie settings, please view our Privacy Policy.
-
Category
-
Marketplaces
Popular Marketplaces
New Marketplaces
-
While furniture retail sales may be on an upward trend, there remains significant amounts of excess inventory in stockrooms across the UK, writes Ben Whitaker, who describes how technology has transformed the sale of excess stock.
In the past, manufacturers and retailers depended on a handful of local liquidators to deal with their unsold stock, but a shift has occurred in recent times – many businesses are eliminating traditional liquidation methods in favour of technology-based programmes for the sale of overstock.
This includes launching customised B2B overstock auction marketplaces that connect returned and excess merchandise directly to business buyers. The result is a level playing field for all buyers, big and small, to compete for the inventory, and no more back door deals that prevent independent retailers from getting a fair shot at it.
More from the B-Stock Blog
How Jim Rowe Filled a Shopping Desert—With Costco Returns
Jim Rowe has always been an entrepreneur. From 2002 onward, he and his wife built a sizable chain of restaurants across Washington with nine locations in total. Then COVID hit, and like so many others, everything stopped. Luckily, Jim’s not…
When Consumers Pull Back, Where Does Your Excess Inventory Go?
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,…
Case Study: How an Athletic Retailer Standardized Its Disposition Program for Aged Inventory, Boosting Pricing and Efficiency
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…
