Regardless of studies questioning the general stability of the retail trade, companies are persevering with to thrive with e-commerce gross sales and quick style manufacturers on the rise. The consequence of this development, nonetheless, is that the amount of waste produced is escalating, most importantly from returns and extra inventory that usually find yourself in a landfill or destroyed on account of retailers being unable to shift the merchandise elsewhere.Rising competitors within the trade to make returns low-cost and straightforward for customers has resulted in an unprecedented variety of gadgets being returned, says B-Inventory, the world’s main public sale platform for returned, extra and different liquidation stock. Web shoppers usually return round 30 per cent of the products that they purchase (in comparison with eight per cent for in-store customers). Globally, the worth of returned and extra stock exceeds $1.2 trillion per 12 months. Within the UK, 300,000 tonnes of clothes are despatched to landfill yearly – this consists of clothes which have by no means been worn or used. There’s a urgent must discover a viable answer for retailers to rapidly and simply alleviate this waste, in a approach that won’t additional reduce into their income.“Returns and extra inventory contribute closely to the quantity of waste that retailers produce. With the atmosphere dealing with the dangers that it at present is, it’s important that we work collectively to alter these outdated practices and as a substitute utilise strategies that may enable us to make a big change,” stated Ben Whitaker, B-Inventory’s EMEA Director. “Supporting the round financial system is so essential for firms within the present retailing local weather, particularly the place model ethics and transparency are more and more affecting shopper’s buying choices.”There are various options for retailers, similar to market platforms that enable retailers to promote their returned and extra inventory to 1000’s of enterprise consumers, versus being despatched straight to landfill.Whitaker added “There are such a lot of alternatives now for retailers to shift inventory in a approach that isn’t solely offsets loss, however extra importantly, reduces the pressure on the atmosphere. On-line public sale platforms like those B-Inventory operates enable retailers to promote their undesirable inventory for max worth in a managed dynamic.”By transforming conventional strategies and changing them with a brand new viable answer within the type of a web-based B2B liquidation market, organisations have the potential to ethically repurpose and resell hundreds of thousands of things and in flip, alleviate wastage and landfill pressure.B-Inventory is exhibiting at Web Retailing EXPO at sales space H5, NEC, Birmingham, 3-Four April 2019.If you want to rearrange a briefing with Ben Whitaker, please contact [email protected] or name +44 (0)1636 70888.-ENDS-About B-StockB-Inventory gives the world’s main public sale platform for returned, extra, and different liquidation stock. Our platform units up a web-based public sale dynamic the place retailers and producers can promote on to a various base of authorised enterprise consumers; this drives higher demand, increased pricing and a sooner gross sales cycle, whereas sustaining the management you want. By making use of our public sale technique and information, the world’s largest retailers, together with lots of of different companies, are attaining the best pricing doable for secondary-market merchandise throughout all classes, circumstances, and portions. To turn out to be part of the world’s largest community of liquidation marketplaces, please go to: www.bstock.com.Press contact:Proactive Worldwide PR [email protected]+44 (0)1636 704888