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It’s not just your family: Returning presents has become a holiday tradition in the United States. This year, $100 billion worth of product is expected to be returned between Thanksgiving and New Year, up by $6 billion from last year. Companies are competing to make it easy to send these gifts back through policies such as free return shipping, in-store returns, and instant refunds.
But returning product comes at a staggering environmental cost. There’s an enormous carbon footprint associated with sending products back and forth across the globe.
Read the full Fast Company article here>>
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…