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The value of retail returns last year rose 53% from 2015 to $400 billion and 27% of apparel sales are now online; the growth of e-commerce is stoking that, according to returns and overstock supply company B-Stock. Returns of brick-and-mortar purchases tend to hover at 8%, while e-commerce returns can reach as high as 15% to 30%, according to CBRE, which says that likely value of online holiday returns is $32 billion, up from 2016’s estimated $28 billion.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…