Case Study: Retail Audit & Buy-back
Client was contacted by retailer’s executive leadership that damaged products needed to be removed from stores, this would result in a $2MM recall in addition to a 10% disposal fee. After researching this concern, the client realised these defects only affected 30% of their inventory.
How Retevo Solved the Situation
We deployed our retail audit team to purchase all of the defective products in each store nationally. Our reps corrected inventory counts and the defective items received sales credit as these items were all scanned through the stores register.
Results:
Purchased +$350k of defective products,
Saved client $1.6MM for product recall and
Zero disposable fee
What People Are Saying About Us
"Their ability to grasp our challenges, provide new insights and work effectively with us adds significant value to our team"
Retevo is responsive, knowledgeable and experienced in delivering positive results. Their ability to grasp our challenges, provide new insights and work effectively with us adds significant value to our team.
The level of service that Avery Starks provides has been an integral part of helping us fulfill our clients’ in-store, service merchandising strategies and continues to positively impact retail sales. Thank you for all that you do!
Michelle Pawlonek
Vice President, Sales & Marketing - Launch Marketing, LLC
"Retevo literally acted as an extension of our company and collaborated alongside us to not only assist in the manner, but ultimately helped drive the solution for our clients and retailers"
Working with Retevo has been a great experience for the Bay Cities team! They bring years of experience and knowledge to each program.
Retevo literally acted as an extension of our company and collaborated alongside us to not only assist in the manner, but ultimately helped drive the solution for our clients and retailers. We hope to partner with Retevo for many years to come!
Gerald Pevey
Director, Operations - Bay Cities Inc.
"impresses me as being very knowledgeable in the industry and dedicated to solving my issues"
My experience with Retevo has been positive and cooperative so far. Avery Starks impresses me as being very knowledgeable in the industry and dedicated to solving my issues.
I look forward to proceeding with this company and our plan to achieve the expected results from the strategy that has been put in place.
Tanya Lewis
Owner, President & CEO - The Green Glider Company, LLC
