article thumbnail

Retail Returns Increased to $761 Billion in 2021

VMS

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

Returns 52
article thumbnail

Interface Makes Physical Security Industry Predictions for 2022

VMS

The recently published 2021 NRF Retail Security Survey revealed that almost 7 in 10 (69%) retail loss prevention and asset protection professionals said the pandemic has resulted in an increase in overall risk for their organization. Send your press releases to VMSD at vmsd.com. Learn about our submission guidelines.

article thumbnail

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!