If you’d thought this was the holiday season when retail’s returns’ headache would go away, you might want to keep the Advil close anyway. The volume of returns increased 12% YoY from Black Friday through the following Thursday (November 28–December 4), according to data from Loop, a returns management software company that works with retailers. But the Loop data suggests retailers are not eating as much of the cost of those returns, with 6% more brands charging for returns than last year, marking the fourth consecutive year that companies charging for returns has increased. Another mitigating factor: More consumers are exchanging their returns for subsequently bigger purchases, “upsells” in reverse-logistics nomenclature. The number of upsells rose 17% for the time period, according to Loop, which based its findings on a sample of 2,600 e-commerce brands on its platform. Keep reading here.—AAN |