Insight Report 6 minutes PremiumINTERVIEW with ronen lazar, CEO of inturn Coresight Research November 4, 2015 Executive Summary INTURN, founded in 2013, is the first online marketplace built to enable brands and retailers to efficiently and confidentially buy and sell excess inventory on a global scale. It is a win-win solution for both brands and retailers to replace the existing time-consuming and error-prone liquidity process driving the off-price industry. The off-price marketplace for apparel and accessories consists of $250 billion of excess inventory sold globally every year. This represents over 20% of the $1.2 trillion global retail market for apparel and accessories that cannot be sold at full price. The inventory is later sold at a significant discount. INTURN has created a seamless and efficient process for the exchange of goods between businesses in the growing global off-price marketplace. Brands win because they liquidate and maximize the value of their products through faster negotiations with optimal buyers and intelligently priced product. Retailers win because they can see more available product and confidently buy product they know they want at a price they deem appropriate based on cost analysis. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 1: Rothy’s Plans To Open 10 US StoresInsights Video: Shoptalk 2023 HighlightsRetail 2024: Five Forces and Five Trends Shaping UK RetailMarket Outlook: UK Grocery—Inflation Drives Value Growth Amidst Volume Decline