Around the Net

Retailers Really Don't Want Your Unwanted Gifts

  • Forbes, Tuesday, December 27, 2022 5:21 PM
With the holidays in the rearview mirror, 'tis the season for returns and exchanges. "Even though retailers never enjoy taking back the tsunami of things that get returned after the holidays, they have reason to be distinctly less excited this year," per Forbes. "They’ve worked hard in recent months to clear out stores and warehouses bursting with excess inventory, as consumer preferences shifted rapidly away from furniture, loungewear and other pandemic-era favorites. Retailers turned to huge markdowns to get rid of the stuff, putting a dent in profit margins."

Read the whole story at Forbes »

Next story loading loading..