Optimizing Return-to-Vendor (RTV) processes boosts retail financial performance by freeing up capital and increasing revenue. Key strategies include standardized policies, better cash flow management, and leveraging technology.
Retail industry trends and insights focused on returns solutions and returns management.
Retail return fraud is soaring, costing retailers $101 billion in 2023. Rising issues like wardrobing and ORC are forcing stricter policies and new tech to balance fraud prevention and customer satisfaction.
Inflation impacts the economy broadly, increasing consumer prices by 20.8% since February 2020. Consumers prioritize necessities, compare prices, and research purchases more, affecting product returns. Retailers adapt by offering detailed product info and flexible return policies.
How retailers can improve their returns management with sustainable practices that also boost revenue.
How retailers can efficiently manage their RTV process and reduce the cost of returns.
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Commemorating International Women’s Day 2024 by examining how women in supply chain and reverse logistics have reshaped the industry.
Mastering RMA: A guide to returns for SMB brands and 3P sellers
