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Product Returns: Are They A Necessary Evil?

A smart reverse logistics solution can reduce costs and improve profitability.

 

There are many reasons to return an item to where you bought it. Maybe it doesn’t fit, it’s not what you expected, or it needs repair. Since COVID, we’ve all become more accustomed to “buying and trying” with the knowledge that we can always send back the things we don’t need or want, with no questions asked.

That’s why flexible return policies became a critical sales tool for many companies that switched to e-commerce or buy-online-pickup-in-store strategies during the pandemic. But now it looks like the era of free returns is coming to a close.

Topics: business growth distribution strategy aviation logistics parts distribution center

How Retailers Can Keep Holiday Returns from Ruining the Season

Holiday returns can add up to big losses. But big data can give retailers a competitive advantage and reduce shrinkage and fraud.

Holiday sales are the lifeblood of many retailers. But holiday returns can put a damper on end-of-year celebrations. Reportedly, 17.8% of holiday gifts were returned last year according to the National Retail Foundation.

With more people shopping online than ever before, more gifts arrive without try-ons or inspection. So... the shirt is the wrong size. The speaker isn’t compatible with the computer. Or he already has a socket wrench. That’s why rates for holiday returns are typically higher than the rest of the year, according to the National Retail Federation.

Topics: e-commerce holiday shopping e-commerce shopping fraud big data