Product return rates jumped in 2021
January 26, 2022
The percentage of products bought in stores and online and returned rose to 16.6 percent last year, up from 10.6 percent in 2020, according to a survey by the National Retail Federation and Appriss Retail. Online returns rose to 20.8 percent up from 18.1 percent.
Recent News
Qantas Pays $79M To Settle ‘Ghost Flights’ Case
Qantas is paying the biggest fine of its history to settle the reputational crisis.
Rue21 Files for Bankruptcy, 540 Stores To Close
Rue21 is the latest brick-and-mortar clothing retailer to file for bankruptcy.
Google’s Antitrust Trial Teeters On
Google’s landmark antitrust case against the Justice Department has reached its final stage, sparking concern across Silicon Valley.
Virgin Galactic’s Unity Spacecraft Nears Final Flight
Virgin Galactic has announced that its Unity spacecraft is set to embark on its last commercial journey, marking a significant milestone for the company.