Holiday shoppers bought an utterly staggering amount of stuff in November and December, and the share of those items bought online is growing.

Total retail spending was up 8.5% over the same period last year, according to MasterCard, while ecommerce sales grew 11%. Compared with 2019, ecommerce grew more than 60%.

Now that the holidays are passed, a portion of the massive volume of packages is now headed in the opposite direction.

UPS says it is on track to process more than 60 million return packages between November 14 and January 22 — a 10% increase over last year. In addition, one in four Americans is expected to make a return, Louisville TV station WDRB reported.

Click to read the full Business Insider interview>>

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

Apparel Flipbook

Apparel is a fast-moving industry—with seasons and trends always shifting, it can be hard for businesses to keep up. See why B-Stock is the sales go-to solution for apparel manufacturers and retailers to clear warehouse space, recover cash value quickly,…

Sep 29 2022 · 1 min read

Holiday Playbook 2022

The holiday season retail sales for 2022 are forecasted to reach a new high for both in-person and eCommerce purchases. This also means manufacturing for seasonal merchandise has been at an incredibly high-level going into the holiday season. Have you…

Sep 29 2022 · 1 min read

Hanes Case Study

When Hanesbrands needed to move away from traditional liquidators to a more efficient method of moving out unsold inventory, they came to us for help. B-Stock continues to deliver Hanesbrands results that are above 10% of retail in just about…

Sep 29 2022 · 1 min read

Like what you see?

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