eBay Enterprise, a provider of commerce technologies, order management, retail operations and marketing services, has launched Ship-from-Store SaaS solution for retailers.
The solution can be deployed by retailers within 99 days to most effectively leverage their physical store inventories while gaining advantages in margin and shipping cost, said eBay Enterprise in a statement.
With 77 percent of consumers expecting retailers to provide a consistent, integrated experience between their in-store and online channels, ship-from-store and in-store pickup will empower retailers to continue to compete in an omnichannel landscape and meet their customers’ evolving needs.
Decreased delivery costs and times for customers by routing shipments from the nearest possible physical location is one of the main benefits of the Ship-from-Store solution from eBay.
Ship-from-Store is optimized order fulfillment through physical storefront inventory, expediting the ability for retailers to debut new products.
Retailers using Ship-from-Store can also maintain profit margins by turning store inventory online, as opposed to in-store merchandise markdowns to move inventory.
“Every day that retailers do not utilize in-store inventory to augment their online sales, they lose opportunities to maximize their existing inventory and increase their bottom line profitability by avoiding markdowns,” said Tobias Hartmann, head of omnichannel operations, eBay Enterprise.
eBay Enterprise says Ship-From-Store is now live for 2,756 stores, 30 brands, 22 retailers in 13 countries.
Based on client data, eBay Enterprise customers can experience over 30 percent margin increase on items nearing markdown.
Consumers experience expedited delivery with over 80 percent of ship-from-store orders shipped in one day and 96 percent shipped in two days.
Ship-From-Store has saved nearly 10 million orders equating to $640 million that would otherwise be lost sales to out-of-stock situations.