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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.
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…