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While total retail sales this past Christmas were surprisingly strong, not every present unwrapped on the holiday was met with unbridled joy.
In fact, some gifts were spectacular only because of how fast they piled up at return counters across the country.
The top returned Christmas gifts this year were pricey battery-powered ride-ons, like the $200 Power Wheels Wild Thing or the $160 Disney Mercedes 6-Volt Ride-On, according to B-Stock Solutions, which operates an auction Web site that connects returns made to the country’s largest retailers — including Amazon, Walmart and Macy’s — with resellers.
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…