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(image source: appleinsider)
According to a Wall Street Journal analysis published Wednesday, more consumers are buying refurbished versions of previous years’ models or keeping old phones for longer, rather than opting for more expensive new models. As a result, premium smartphones such as the iPhone and Samsung Galaxy S are now likely to have three or four owners over the course of their life.
While refurbished smartphones have long been popular in emerging markets, they’re gaining resonance in North America. Auction website B-Stock Solutions told the Wall Street Journal that the U.S. share of its smartphone auctions has grown to 93 percent, from around 50 percent five years ago
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,…
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…