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Returns are an inevitable part of holiday shopping, and this year, shoppers are forecasted to bring back a whopping $90 billion to $95 billion worth of goods that were purchased during the holidays. The increase marks a predicted 15 percent to 20 percent rise from last year, with online sales likely to comprise almost half of the volume as inventory liquidators stand to gain from strong holiday spending.
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…