Retailers Are Cracking Down on Returns This Holiday Season [TheStreet.com]
Bath & Body Works, Inc. (BBWI)
Company Research
Source: TheStreet.com
That’s due to the rising number of actual retail purchase returns, the staggering amount of money involved in consumer buying returns, and the current state of the economy, where high, high costs, and a retracting economy have companies taking a more aggressive stance on green-lighting shopper returns. The basic issue is the U.S. purchase return rate, which stood at 16.6% in 2021, according to the, compared to 10.6% in 2020. That represents a total cash amount of $761 billion U.S. dollars in returns, the NRF reported. Retailers are Getting Tough With a massive amount of money on the line, U.S. retailers are cracking down on returns in 2022, especially as more consumers opt for digital shopping for the holidays. “The eCommerce boom, fueled by unprecedented convenience and ‘no questions asked’ returns policies, has created an expensive problem for retailers,” said founder Spencer Kieboom. “Consequently, returns cost retailers about $218 billion annually as 20% of their inventory is
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BBWI
Earnings
- 2/29/24 - Beat
BBWI
Sec Filings
- 4/22/24 - Form 8-K
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- BBWI's page on the SEC website