New era for return merchandise
With Covid running rampid through the world in 2020. The consumer has had to adapt to its buying and return practices. With stores shut down to walk in traffic, online sales have exploded for almost all retailers. If you did not have a online presence prior to COVID, you most likely missed out on the online shopping spree for consumers in 2020.
What does that mean for store returns. Well, most in stores are not excepting returns and in some cases, stores are letting you keep the merchandise and just giving refunds. What does that mean for the liquidation industry? It means store returns are down almost 70% from 2019 and Dot Com returns are up some 75%. So if store returns were your go to, you are probably having a hard time finding them.
What's next? Well in the liquidation industry you have to be flexible and take what the market gives you. Its time to make the jump from store returns to online returns. Yes the prices are higher but generally the product condition is better. You may have to rethink your pricing structure to accommodate such increases in price.
How can one sell this product for more, your may ask your self. Well thanks to COVID the amount of people out of work will most likely increase the amount of people looking for used and secondhand goods. Returns does not mean its not still in like new or new condition. Peoples need for things wont change, but people will adapt to try to get what they want even amid a financial crisis. With online returns soaring to highs, try a dot com load today. Here atStellap we make finding product close to you and easy.