Insight Report 6 minutes Premium

INTERVIEW with ronen lazar, CEO of inturn

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.

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