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Now is the time to start taking down the lights from the windows and haul the Christmas tree to the curb, while stealing glances at the sweater from your aunt that you’ve been meaning to send back to the store. Shoppers returning gifts have long kept retailers busy during the first week of January, but as more shopping shifts online, delivery companies like UPS and FedEx are seeing a bump in business as well.
UPS expects returns to peak today on what it calls National Returns Day, with holiday shoppers projected to return 1.3 million packages with UPS today and more than 5.8 million packages during the first full week of January.
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…