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When it comes to the holidays, there’s nothing more stressful than gift shopping (with the possible exception of meeting Christmas delivery deadlines). There’s always the risk that whatever you picked out will end up being returned or exchanged.
Whether you’re looking for the perfect gift for someone special or just shopping for your office Secret Santa, we’ll help you sort out those presents that are more likely to be returned.
The Numbers
According to data compiled by B-Stock, a company that deals in liquidizing the excess inventory of major retailers, the rate of returns doubles during the holiday season. In fact, one in three people will return a gift they’ve been given and close to $70 billion in merchandise will be returned to retailers this year.
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…
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