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With presents unwrapped, now comes the least fun part: holiday shopping returns.
Consumers return more items during and after the holiday shopping season than at any other time of the year.
This year, shoppers are expected to return up to $95 billion worth of holiday purchases, a projected jump of 15% to 20% over last year, according to B-Stock Solutions. As much as half of that will come from online purchases.
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…