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Retail Returns Increased to $761 Billion in 2021

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Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 This accounts for an average of 16.6

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These Were the Top Retail Stories of 2022

VMS

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. In the Covid years of 2020 and 2021, it had closed a great number of stores to improve profitability. Happy New Year. INFLATION ON. YOUR MIND. That’s right!