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A few articles last week explored the dirty secret around retail returns: Most don’t make it back to the selling floor.
Instead, many find their way after a lengthy process to pawnshops, dollar stores, flea markets and, sometimes, landfills.
Some aren’t returned to the selling floor because they’re unsellable in their returned condition. Fixing or repackaging an item — even for a broken seal — often takes too long for the product to find its way back to the selling floor.
More from the B-Stock Blog
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Holiday Returns: By the Numbers
After weeks (or in some cases, months!) of holiday shopping, most consumers are getting ready to kick back and relax with an eggnog in hand and open their gifts. Sounds merry, right? Unfortunately, retailers still have a good chunk of…
2024 Holiday Returns: Managing the Post-Sales Surge
Black Friday and Cyber Monday 2024 have shattered records yet again. By the end of Black Friday, $10.2 billion was spent online (a 16% increase), while Cyber Monday sales surged to $11.5 billion, making it the biggest online shopping day…
