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This is how it starts. You love shopping online. You’re not always super-careful about how many items you return because you believe in the no-hassle returns promise made by the retailer.
So you buy that camera to test it out. Some of the features are buggy, and you send it back. You buy a blazer in three different sizes but none of them fit right, so you return them all. You take a chance on that electronic device that is ridiculously cheap and it turns out to be junk. You send that back, too.
If you’re an Amazon shopper, you may get an e-mail warning.
With a projected annual return rate of 16.9%, 2024 saw a staggering all-time high of $890 billion worth of merchandise returned to retailers. While a natural byproduct of retail, this merchandise places immense pressure and additional costs on retailers and…
Retailers and manufacturers require effective strategies to handle excess and returned inventory in today’s fast-paced e-commerce market. Online pallet auctions are becoming a more and more common way for companies to get rid of excess inventory in large quantities while…