Ever wonder what happens to all the purchases returned to Amazon or Costco? A lot of it ends up at liquidation stores, sometimes called bins stores or outlet stores, where it’s sold at a discount.
Liquidation stores have been around for decades, but online shopping has turbo-charged the resale industry.
According to data platform Statista, of almost $1.5 trillion in online purchases in the U.S. last year, approximately 24.5% ended up as returns…