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The Wall Street Journal recently wrote about how changing smartphone markets are opening up business opportunities in the used phone sector.
According to the article, five years ago, about half of used phones purchased from auctions run by California-based B-Stock Solutions went to U.S. buyers, and the other half went to customers internationally. Now, about 93 percent of purchases are made by U.S. consumers, according to B-Stock.
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…