New Amazon FBA programs give unsold inventory new life
Amazon has introduced “FBA Liquidations” and “FBA Grade and Resell” programs to help merchants resell customer-returned or overstocked items.
Once fully implemented, the programs are expected to save more than 300 million products from the landfill each year by giving them subsequent lives, reports Retail touchpoints.
“FBA Liquidations” will provide the option to use Amazon’s existing wholesale liquidation partners and technology to recoup potential losses on returned and overstock inventory. The program is currently live in the U.S., Germany, France, Italy and Spain, and will go live in the UK in the near future.
“FBA Grade and Resell” gives third-party sellers the tools to sell returned products on Amazon as “used” items. Amazon will evaluate the item and mark it as “Used – Like New”, “Used – Very Good”, “Used – Good” or “Used – Acceptable”. Merchants can then set the price for items based on their condition and manage pricing, advertising and sales using their existing processes.
FBA Grade and Resell is currently available in the UK and will expand to the U.S. by the end of 2021. Amazon sellers in Germany, France, Italy and Spain will have access to the program by early 2022.
These programs come less than two months after British broadcaster ITV reported that Amazon is destroying millions of items of unsold stock at one of its 24 U.K. warehouses every year, including smart TVs, laptops, drones and hairdryers, notes CNBC.
The online giant was sharply criticized by U.K. lawmakers and environmental campaigners at the time and Prime Minister Boris Johnson pledged to look into the allegations.
More Amazon news
Boost repeat purchase rate of your Private Label product with QR-codes
Qr-code as an instrument to promote Private Label product sales Repeat purchase rate is of utmost importance in e-commerce. Startup Batch comes with a simple yet effective solution: using QR-code on a product to promote sales. Batch has raised $5 million in seed...
Facebook publishes new report on the evolution of eCommerce
Facebook report: mobile is quickly becoming the main shopping tool Facebook has published a new report which looks at how consumer habits have changed as a result of the pandemic, and the key trends that are driving the big shifts in how people find and purchase...
Keep “Supervillain” Jeff Bezos from returning to Earth, petitions beg
70000 people sign petitions to keep “Supervillain” Jeff Bezos in space forever More than 70,000 people have signed petitions calling to stop Jeff Bezos from returning to Earth after he blasts into space next month. Bezos said earlier this month that he and his brother...
