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Stock impact report

Read the 8-page pitch deck a founder backed by Slow Ventures is using to try to solve retail's $25 billion a year return problem [Business Insider]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in An eight-slide pitch deck helped raise money for Postmoda's pivot to a platform that sells designer returns. The startup was originally a peer-to-peer clothing rental company. It has raised money from major VC firms, like Slow Ventures and Long Journey Ventures, as well as entrepreneurs. We've all been there: You're shopping online , amass a full cart, and check out. You're over budget, but chances are those jeans won't fit right or that jacket will be too similar to the one you already own. At least one thing will end up in the return pile in your corner and make its way back to the seller. E-commerce — with its ease of purchase and lack of trying on — has led to ballooning returns . About 20% of items purchased online are expected to be returned this year, according to an October report by the National Retail Federation. Most of those Show less Read more
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