Remove 2021 Remove Inventory Management Remove Returns Remove Supply Chain Management
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Customer returns: Five fundamentals to recoup revenue

365 Retail

But with great gains come great returns. In 2021, sorting out product refunds cost retailers an average of over £15,000 a month. Significant revenue gets lost when mass quantities of orders are returned, leaving retailers with a ton of inventory that is then discounted, liquidated, or even thrown out. In a store?

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How retailers can effectively manage supply chain uncertainty

A1 Retail

These trends are unlikely to affect just the sale of products and goods being sent to shoppers – we’re also likely to see an increase in products going back into supply chains. As a result of these changing consumer behaviours, 57% of retailers think they’ll face a higher volume of returns in 2022. 1) Think data-first.