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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.
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…