A New Way To Sell Your Inventory
Envision your oversized unused furniture inventory disappearing and a new revenue stream taking its place.
Attention Manufacturers, Retailers and e-tailers:
We have the solution to your customer returns issues AND we can help you sell your discontinued, overstock, closeout and slightly damaged items – thereby creating a new revenue stream for you, reducing your COGS and operating expenses, increasing your new customer acquisition rate, and solidifying your reputation for sustainable practices.
Did You Know...
Every year 9.6 MILLION tons of home furnishings end up in landfills? But, at the same time, the returns process for home furnishings typically costs 3x more than the item itself. So what’s a retailer (designer, manufacturer) to do? The obvious answer to the problem includes stemming the flow of quality resaleable furniture into those landfills. But, how are you going to do that when you have limited space, limited staff and a limited budget. Easy. We have already done it for you. OWR has helped more than 45 of the nations top companies sustainably sell more than 10,420,900 pounds of furnishings – while at the same time, saving them the costs associated with returning and reselling these items AND creating a new revenue stream for them.
Let’s face it…
In todays world companies that don’t have a sustainable program to repurpose excess furniture are missing out on a money making and marketing bonanza. The resale of home furnishings is expected to grow by 54% over the next 5 years, which is 3x faster than traditional Resale (fashion, etc.) and 11x faster than retail. Online sales of home furnishings reached $36.1 Billion in 2020 – a 41% increase from 2019. Why? 223 million people are up for shopping resale. 58% of millennials, 49% of Gen Z, and 37% of Baby Boomers intend to make their next furniture purchase online through resale channels. Unfortunately, online purchases tend to be returned 18-20% of the time compared to just 6-8% of in store sales. How does a retailer take advantage of both of these statistics? By creating a robust Recommerce Program. But that is easier said than done. Creating a viable Recommerce Program for returns, samples, discontinued and damaged items can cost a company up to $5 million and take years to create.
This is where OWR takes over.
OWR has the operations and procedures in place to handle even the most demanding recommerce opportunities with no heavy lifting on your part. OWR will transport, repair, store and resell your returned inventory for you while you sit back and enjoy the results of your sustainable reputation and your new revenue stream. OWR will create and execute a Recommerce Program that makes sense for you. We tailor all of our partners Recommerce Programs to fit their diverse needs. It’s a win-win for you, your customers and the environment. So let’s create a program together. What can we create for you?