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When the black, $128.95 Vince Camuto summer sandals size 6, with a 2-inch cork heel turned out to be too big, Sherri Theodore decided to return them to Nordstrom’s online, where she had bought them a few weeks before.
“They just weren’t right for me,” said Theodore, 61, a retired bookkeeper from Ardmore. She reboxed the shoes and drove to the nearby Bala Cynwyd Shopping Center to mail them back at a UPS store there.
Where do rejected items bought online or at a brick-and-mortar store end up when returned? Is there a special return heaven in cyberspace? In retail parlance, it’s called reverse logistics.
The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…
In honor of Earth Day, explore how recommerce is transforming the retail landscape by driving sustainability and the circular economy. As the world’s largest B2B recommerce platform, B-Stock enables retailers and brands to redefine sustainability by giving new life to…
When returned and unsold goods tie up working capital and force write-downs, they quietly erode margins, delay cash conversion, and impact financial performance every single day. Discover how finance teams are turning to technology-driven B2B resale platforms to: Improve recovery…