Retail Returns During Holiday Season Just as Serious as Mis-Picks
Picking Perfection reported this week that retailer Stage's average rate of return throughout the year is about 7 percent of sales in its physical stores and about 11 percent online, adjusted for exchanges. Over the holidays, those figures grow. (Many merchants keep the exact increase a secret.) Noted Steven Hunter, Chief Information Officer at Stage: "Holiday returns for any retailer can be challenging." The Christmas season is a windfall for retailers, who book as much as 40 percent of their...
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