To tackle the $743 billion return problem, retailers are exploring new strategies and partnerships to curtail returns and return fraud.
ReturnPro's 2023 Impact Report examines the effects of returns on the economy and the environment.
Report on retail returns during the holiday season and what to expect for 2023. ReturnPro surveyed 500 US-based retailers to uncover trends, challenges, and strategies for handling returns.
E-commerce return rates are high and problematic for the environment and finances. Entrepreneurs and investors seek sustainable solutions that align with retailers' needs. This report offers insights into the current state of returns management.
A report surveyed 500 US-based retailers with annual revenues of over $750 million to uncover their current returns-related priorities and strategies. The report provides insights into key challenges, emerging trends, and actionable strategies to optimize returns processes and enhance financial outcomes.
Retailers face a major challenge with costly returns, which amounted to $816 billion in 2022. To address this, they are investing in reverse logistics and technology, changing policies, and partnering with third-party providers. ReturnPro offers solutions for higher resale margins in various categories.
Many retailers are turning to returns management providers to reduce holiday return costs and recover higher profits. A survey found that 56% of retailers invest in third-party support and intelligent software. Finding the right partner is key, and an article highlights 12 gifts the best returns providers can offer this season and beyond.
Fraud costs retailers $10.30 per $100 in returns, resulting in a loss of $761 annually and a $78.4 billion problem. Our expert on fraud and loss prevention offers tips on identifying predators and preventing losses during the holidays and in an age of increasing fraud.
