Returns not only pose financial costs but also environmental ones
Returned inventory creates 9.6 billion pounds of landfill waste each year, and emits more than 27 million metric tons of carbon dioxide, according to Optoro.
Returns are one of the more complicated aspects of retail and that’s only amplified during the holiday shopping season. Retail Brew takes a look at why retailers craft certain return policies, how returns are executed, and their effects beyond the bottom line.
Returned inventory creates 9.6 billion pounds of landfill waste each year, and emits more than 27 million metric tons of carbon dioxide, according to Optoro.
Total returns accounted for more than $761 billion in merchandise for US retailers in 2021—nearly 20% of which occurred after the holiday shopping season, per NRF.
More companies, like H&M and Zara, are experimenting with charging for returns.
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