Tom Rittman

Tom Rittman

Tom Rittman is the VP Marketing at Appriss Retail, a SaaS platform providing artificial intelligence-based solutions to help retailers protect margin, unlock sales, and cut shrink.

Returns Rise, Lead to Sales Opportunities

A survey by the National Retail Federation in 2018 showed that retailers reported a median return rate of 10 percent. This equates to $369 billion in sales that were made and then lost. Legitimate returns are expensive for retailers — labor, overhead, and opportunity costs all impact performance. Added to these necessary returns, return fraud…

Are Higher Return Rates a Blessing in Disguise for Retailers?

In response to a survey by the National Retail Federation, retailers reported a median return rate of 10 percent. This equates to $351 billion in sales that were made and then lost. Legitimate returns are expensive for retailers — labor, overhead and opportunity costs all impact performance. Added to these necessary returns, the 2017 increase…