SEATTLE: Amazon has responded to recent press reports of large amounts of unsold stock being destroyed rather than donated to charities or sent to liquidators, by announcing the existence of its own reseller service for businesses.
The company says FBA [Fulfilled By Amazon] Liquidations sends customer-returned inventory to a liquidator at a gross recovery value, about 5 -10 percent of the amazon sales price, and pays the seller a net value after fees within 90 days. The programme is now live in the US, Germany, France, Italy, Spain and soon the UK.
FBA Grade and Resell, operational in the UK and in the US by the end of year, provides third party sellers the option of have customer-returned products sold as used on amazon instead of being sent back or donated. For a fee, it will grade the returned items from ‘Like New’ to ‘Acceptable’ while the seller determines the price.
With Germany, France, Italy and Spain added to the programme at the beginning of 2022, the company expects 300 million products will be fulfilled for reuse or resale annually - rather than be destroyed, end up in landfill or returned to the seller. FBA Donations, which amazon began in the US, the UK and France in 2019, has already enabled sellers donate over 67 million items to charity, says the company.
Story Type: News