‘Returnuary’ Highlights the Brilliant and Bizarre of Holiday Retail ...

Jan 4, 2025 · The post-holiday surge in retail returns includes some head-scratching and downright bizarre returns in a season now dubbed “returnuary.” ... ‘Returnuary’ Highlights the …

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‘Returnuary’ — After The Peak Shopping Season Comes The Busiest …

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Dec 24, 2024 · After this season's peak holiday shopping days, retailers expect their return rate to be 17% higher, on average, than usual. By the end of 2024, returns are expected to total $890 …

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Retailers Brace For Slew Of Returns As Holiday Shopping Winds Down

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Dec 26, 2024 · this year, the national retail federation estimates there will be $890-billion-dollars in merchandise coming back, that amounts to about 17% of sales. the expression “many …

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The Rise Of Returnuary: Understanding The Impact Of Holiday …

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Dec 24, 2024 · As 2024 approaches, the National Retail Federation (NRF) projects returns of approximately $890 billion worth of merchandise, accounting for around 17% of total sales. …

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5 Tips To Make ‘Returnuary’ As Painless As Possible

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Oct 4, 2024 · It’s understandable that retailers are frustrated by persistently high product return rates, especially for ecommerce purchases (15.4% following holiday 2023, according to the …

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Wall Street Lunch: Holiday Spending Moves To 'Returnuary'

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Dec 26, 2024 · Holiday sales on record pace, but nearly $900B could be returned. (0:16) Roaring Kitty back again. (2:39) Investors should brace for post-inauguration disillusionment. (4:13) …

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Returnuary: The New Make-or-Break For Holiday Success?

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Sep 25, 2024 · After all, 2023 holiday sales reached a record of $964.4 billion, but the return rate for these sales swelled to 15.4%, according to the National Retail Federation. During this …

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FAQs about ‘Returnuary’ Highlights the Brilliant and Bizarre of Holiday Retail ... Coupon?

How are retailers adapting to the challenges of returnuary?

Retailers are adapting to the challenges of Returnuary by implementing various strategies, such as tightening return policies, offering refunds without requiring item returns, and exploring buyback programs to keep products in circulation. ...

Are returns a problem for retailers?

Returns in 2023 created 8.4 billion pounds of landfill waste, according to Optoro. That presents a major challenge for retailers, not only in terms of the lost revenue, but also in terms of the environmental impact of managing those returns, said Rachel Delacour, co-founder and CEO of Sweep, a sustainability data management firm. ...

Should retailers rethink reverse logistics?

"With behaviors like bracketing and rising return rates putting strain on traditional systems, retailers need to rethink reverse logistics," David Sobie, Happy Returns' co-founder and CEO, said in a statement. Processing a return costs retailers an average of 30% of an item's original price, Optoro found. ...

Are retailers 'wardrobing' & restocking?

Even more concerning for retailers, 69% of consumers admit to “wardrobing,” or buying items for specific events and returning them afterward, a 39% increase from 2023, CNBC reported. Retailers are implementing stricter policies to manage the rising tide of returns, including shortened return windows and restocking fees. ...