Retailers and the ghost economy: $1.75 trillion reasons to be afraid


June 11, 2015 | By RetailME Bureau

Retailers worldwide lose a staggering $1.75 trillion annually due to the cost of overstocks, out-of-stocks and needless returns, indicates a new research released from retail analyst firm IHL Group, commissioned by OrderDynamics.

IHL’s new research, ‘Retailers and the Ghost Economy: $1.75 trillion reasons to be afraid’  is described as a landmark report that details the impact of overstocks, out-of-stocks and needless returns — three of the primary components of the ghost economy haunting retail – on the $14.5 trillion retail economy worldwide.

The ghost economy research is the combination of several primary research studies of different audiences and then combined with overall retail sales worldwide. The following is a cut of the IHL inventory distortion research commissioned by OrderDynamics.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Walmart announced this week that it will offer Paramount Global’s streaming service 

Continue Reading

August 19, 2022 | By RetailME Bureau

Employee retention has been on every company’s minds, especially since the fears 

Continue Reading

August 16, 2022 | By Shruthi Nair

The Frozen Chicken’ as Spinneys was fondly referred to back in the 

Continue Reading

August 8, 2022 | By Shruthi Nair

Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the 

Continue Reading

July 20, 2022 | By Justina Eitzinger

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading 

Continue Reading

July 19, 2022 | By Justina Eitzinger

Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine