What Retailers Like Amazon Do With Unsold Inventory.

Great video to show what retailers do with unsold inventory. Unsold inventory is a huge cost problem for retailers.

There are several options that retailers like Amazon may consider when dealing with unsold inventory. Some of the options include:

Liquidation: Retailers may sell off unsold inventory to liquidators at a discounted price. The liquidators then sell the items to other retailers or directly to consumers at a discounted price.
Donate: Retailers may choose to donate unsold inventory to charitable organizations or non-profit organizations.
Return to suppliers: In some cases, retailers may return unsold inventory to the supplier or manufacturer, especially if the items are perishable or have a short shelf life.
Clearance sales: Retailers may hold clearance sales to try and sell off unsold inventory at discounted prices.
Online marketplaces: Retailers may also try to sell unsold inventory through online marketplaces such as eBay or through their own website.
Use in other ways: In some cases, retailers may use unsold inventory in other ways, such as repurposing it for other products or using it as part of a marketing campaign.

Overall, the goal is to minimize the amount of unsold inventory and maximize the return on investment. Retailers may use a combination of these options to achieve this goal.

Retailing Quotes

“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” ~Jeff Bezos
“I could have an office all to myself but since my collaborators don’t have one, then I too am contented to have a desk in a shared room.” ~Ingvar Kamprad
“Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm – always.” ~Sam Walton.
“A leader should have higher grit and tenacity, and be able to endure what the employees can’t.” ~Jack Ma
“If you make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends.” ~Jeff Bezos
“The IKEA spirit is strong and living reality. Simplicity in our behavior gives us strength. Simplicity and humbleness characterize us in our relations with each others, our suppliers and our customers.” ~Ingvar Kamprad