Summary
Retail returns in 2024 are projected to reach $890 billion, up from $743 billion in 2023, driven by practices like “bracketing” (ordering multiple sizes/colors) and “wardrobing” (buying for one-time use).
Rising return rates burden retailers, costing up to 30% of an item’s price to process, while contributing to landfill waste and carbon emissions.
To address the issue, 81% of retailers tightened return policies in 2023, with some implementing fees or offering “keep it” refunds.
Sustainable resale programs and customer-friendly policies are emerging as strategies to balance costs and consumer expectations.
I mean it should really move up the chain and their should be a requirement for maximum recycling. A total cost type thing that might result in longer lasting products.