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Title : Can Rethinking Returns Help Save the High Road?
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Can Rethinking Returns Help Save the High Road?
[ad_1]It's a sad fact, but traditional British highways suffer more than ever before.
With more than 24,000 stores closing their doors in the first six months of this year alone, overloading and returning B-Stock specialists have suggested the lights need to be thrown at the ongoing retailer's loss prevention.
Ben Whitaker, EMEA Director at B-Stock, said: "The overall picture painted lately shows that the highway we love so much is changing, almost unrecognizable with the loss of big names or at least striving to remain relevant and attractive. .
"The usual reasons given, high business-level costs, too high rent from unscrupulous landlords and lack of footsteps. These are all valid factors, but we want to ask the question, does the retailer reduce risk by implementing adequate returns and losses practices. "
According to research by the Local Data Company, a total of 1,123 stores disappeared from the top 500 highways of the United Kingdom in the first half of this year because only 1,569 stores were opened, compared to 2,692 that were closed.
Store closing rates remain at 14 stores a day. However, store openings fell by a third year-on-year from 2,342 in 2017 to 1,569 in 2018.
Whitaker continues: "Concentration in solving this growing problem seems to encourage more buyers on the highway but this alone will not be enough. A quick look at how much a retailer's fee returns are in general shows how big an impact on their profits.
"Retailers in the UK are losing around £ 60 billion a year due to stock returns. Of course, not much can be done to stem the general return but looking into the secondary market and how to sell this back or unsold stock can make a big difference. "
Whitaker suggested that traditional liquidation and too much sales were not enough anymore. "There is great potential out there for retailers to create a second income stream that does not involve giving away or even disposing of returned goods," he said.
"We are seeing demand from a large number of buyers who want graded stock, which can range from anything from returned, new stocks to quality goods that are damaged and of low quality. To attach the high-road misery to one thing ignores the myriad of steps that can be taken to improve things. Returns are just one of them. "
B-Stock recently released a white paper. Secondary Market Markets - A Commercial Introduction to Life After Returns', outlines the great opportunities available to those who are able to innovate with their returns policy. To read the white paper, click here https://edelivery.net/issues/secondary-markets-commercial-introduction-life-return/.
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To talk to Ben Whitaker, please contact Mike Shields: mike.shields@proactive-pr.com or call +44 (0) 1636 70888.
About B-Stock
B-Stock offers the world's leading auction platform for returns, excess and other liquidation inventory. Our platform creates the dynamics of online auctions where retailers and manufacturers can sell directly to a variety of approved business buyers; this drives greater demand, higher prices and faster sales cycles, while maintaining the control you need. By implementing our auction strategy and data, the world's largest retailer, along with hundreds of other businesses, get the highest price possible for secondary market merchandise in all categories, conditions and quantities. To be part of the largest liquidation market network in the world, please visit: www.bstock.com.
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