Product Returns

Don’t miss this webinar to learn how to protect your business from costly overstocks, out-of-stocks and returns.

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…

Retail is unique in that the scope of a business’s success (or failure) is never entirely certain. While a store may have “out of this world” sales numbers in November and December, there’s nothing stopping those numbers from crashing down come the post-holiday return season. To create a level of predictability, some retailers have adopted…

With the holiday buying fervor behind us, the avalanche of product returns begins. Given that U.S. retail holiday sales are on track to rise 4 percent to 4.5 percent this year — and, according to Deloitte forecasts, e-commerce sales are expected to hit between $111 to $114 billion during the 2017 holiday season — the…

With the holiday buying fervor behind us, the avalanche of product returns begins. Given that U.S. retail holiday sales are on track to rise 4 percent to 4.5 percent this year — and, according to Deloitte forecasts, e-commerce sales are expected to hit between $111 to $114 billion during the 2017 holiday season — the […]

Tis the season for returns! The two weeks after Christmas and New Year's is usually considered the busiest time of year for returns. ABC Action News and ConsumerWorld.org have researched which retailers have the easiest return policies and which ones have the toughest. Nordstrom and Macy's top the list of easiest return policies. Customers of…

This Saturday, Nov. 11, the Chinese e-commerce giant Alibaba will hold its annual Singles Day event, which last year grossed $17.8 billion (USD) in sales, up from $14.3 billion in 2015, according to a report from Fung Global Retail & Technology (FGRT). The 24-hour phenomenon has quickly become the world's largest shopping day, consistently surpassing…

While online retail as an industry is growing, many online retailers are struggling to grow and capture their fair share of that growth. In a recent study of online retailers conducted by Forrester and the National Retail Federation, 12 percent of retailers experienced flat or declining revenues in the last year. To find pockets of…

In episode 114 of Total Retail Talks, recorded at Shop.org last month in Los Angeles, Jason LeBoeuf, director, e-commerce, Asics, and Romney Evans, co-founder of True Fit, discuss how the athletic footwear and apparel brand is using True Fit's data platform to personalize its customers’ shopping experiences. The result for Asics has been increased revenues…