Transforming Retail Returns Management
Returns are expensive - for retailers and the environment. Each returned item costs retailers 59% of the original sales price. And that adds up quickly. Therefore, better management of returns is now essential to a retailer's ability to thrive.
Enhancing Margins through Efficient Reverse Logistics
Consumers return up to 40% of everything they purchase online, adding up to more than $816 million worth of retail merchandise in 2022. And with the average cost of each return being 59% of the item's original sales price, retailers are really feeling the impact.
To make matters worse, less than 10% of returned goods actually make it back onto primary shelves. Most go to liquidation or worse. With more than 9.5 billion pounds of returns product ending up in landfills in 2022, according to Optoro.
Better management of returns is now essential to a retailer's ability to thrive.
Check out our latest guide “Transforming Retail Returns Management Enhancing Margins through Efficient Reverse Logistics," to discover how you can transform your reverse logistics and enhance your profit margins.
In this new guide, you'll find:
- The Growing Significance of Efficient Returns Management
- Key Challenges in Reverse Logistics for Retailers
- Embracing Technology for Efficient Reverse Logistics
- The Future of Retail Returns Management
- And more!