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The holiday shopping season is over, which means it’s time to prepare for another annual ritual that doesn’t get as much attention: returns season.
Total holiday returns this year could reach $90 to $95 billion, according to projections from B-Stock Solutions, a company that helps major retailers auction off returned merchandise to other businesses. The most frequently returned items post-holidays are “trendy” women’s clothing, toys, specialty kitchen items, and tools, a B-Stock Solutions spokeswoman told MarketWatch.
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…