Return rates are on the rise and nearing 2019 levels, fuelled by a growth in online shopping. In the UK, e-commerce represents 50-60 percent of revenue for traditional brick and mortar retailers, compared to 30-40 percent for US equivalents. This is massively contributing to an increase in returns, according to the latest figures from Dressipi....
6 Feb 2022
In 2021, there were 90 million more returns for fashion retailers compared to 2019. This year, there are expected to be 121 million returns in 2022. For retailers, this hurts EBIT margins and has a substantial environmental impact contributing 400,000 metric tons of CO2 on par with the levels that would be contributed by 4574 double-decker buses...
19 Jan 2022