FloorFound

FloorFound builds out reverse logistics recommerce network

FloorFound has launched what it said is the largest recommerce network in North America for oversized items. The network, which includes facilities, fulfillment and transportation, provides retailers of oversized items a “plug-and-play infrastructure” with little to no upfront investment, the company said.

FloorFound said the network enables retailers to turn oversize returns into new revenue while eliminating inventory risks or sales cannibalization.

“Reverse logistics for oversized items has...

https://www.freightwaves.com/news/floorfound-builds-out-reverse-logistics-recommerce-network

FloorFound raises $4M to simplify resale of oversized retail returns

FloorFound, a software platform that facilitates returns for resales of oversized products for e-commerce retailers, announced Wednesday a $4 million seed round led by LiveOak Venture Partners.  Flybridge Capital, Next Coast Ventures, 8VC, individual investor Brett Hurt and FloorFound’s pre-seed investor, Schematic Ventures, also participated in this round. In total, FloorFound has raised $4.6 million in funding since its inception last year.  

FloorFound will be using the capital to support...

https://www.freightwaves.com/news/floorfound-raises-4m-to-simplify-resale-of-oversized-retail-returns

When returning a sofa is as easy as returning a blouse or a dress

  • Austin, Texas–based FloorFound manages the return and resale of furniture, appliances and other oversize items.
  • In 2017, the EPA estimates, over 19.6 billion pounds of furniture occupied U.S. landfills.

Speaking during FreightWaves’ recent Last-mile Logistics Summit, Erik Caldwell, an XPO Logistics executive, noted that returns are among the most complex activities the delivery giant handles, and, moreover, that many consumers and retailers wish they could wave a magic wand and have the...

https://s29755.pcdn.co/news/when-returning-a-sofa-is-as-easy-as-returning-a-blouse-or-a-dress