Retailers brace for a surge in eCommerce returns this holiday season, with a 2022 increase expected. Strategies to manage the influx are crucial.
eCommerce returns are a major challenge for retailers, with 73% listing it as a significant issue. The billions of returns each year result in high emissions and waste, highlighting the need for sustainable solutions. Excessive packaging, inefficient processing, and transportation expenses all contribute to the environmental threat posed by returns.
Consumers can take advantage of historic deals this holiday season, especially across categories like electronics, sporting goods, and appliances. Shoppers should check returns policies for holiday-specific updates with a discerning eye.
The secondary market is becoming increasingly competitive, but resellers who implement the right strategies can rise to the top.
In an omnichannel world, there is no such thing as a one-size-fits all approach to listing products across marketplaces.
Nearly two months after the last holiday jingle played, gift return season is coming to an end. Finally, ecommerce and mortar stores can analyze how returns affected their bottom lines and refine their strategies to maximize profits.
Entering the eRetail space may appear challenging on the surface. However, there are affordable, cutting-edge solutions allowing anyone to master multi-channel sales.
Supply chain costs continue to rise, as do return rates for retailers. As consumer behavior shifts and ecommerce surpasses brick-and-mortar sales, businesses need to define a supply chain and returns management strategy for success.