We begin with gift returns. Traditionally if a store cant resell it, returned items are tossed out or sold to liquatidors at a loss, but retailers are changing the way they are handling returns. Court any reagan has this weeks cover story, exchange rate. Reporter americans returned 260 billion in merchandise to retailers last year, or 8 of total purchases. Even higher around the holiday season. Accordin tgo gartner research, less than half is resold leaving retailers booking big losses, in some cases as much as 10 of total sales. Add in the surge of Online Shopping and the problem gets even bigger. Return rates from online sales can be 30 or more, and that has research from gartner warning retailers the old way of dealing with returns is a ticking time bomb. Retailers are not very good at managing returns right now, and so unless they invest in their ability to manage returns, the volume of returns coming back will cause problems in their overall supply chain. Reporter best buy is one
Traditionally if a store cant resell it, returned items are tossed out or sold to liquidators at a loss, but retailers are changing the way they are handling returns. Court any reagan has this weeks cover story, exchange rate. Reporter americans returned 260 billion in merchandise to retailers last year, or 8 of total purchases. Even higher around the holiday season. According to gartner research, less than half is resold leaving retailers booking big losses, in some cases as much as 10 of total sales. Add in the surge of Online Shopping and the problem gets even bigger. Return rates from online sales can be 30 or more, and that has research from gartner warning retailers the old way of dealing with returns is a ticking time bomb. Retailers are not very good at managing returns right now, and so unless they invest in their ability to manage returns, the volume back will cause problems in their overall supply chain. Reporter best buy is one retailer working on ways to recoup losses asso
To go dark earlier tonight. Now, abc 7 news at 11 00, on your side. Kimberly a Winter Weather alert fizzled out. A wet start to the weekend, but thankfully did not have to deal with ice around the metro. Lets get a look at the first forecast from meteorologist josh knight. Josh the Weather Service expanding their freezing rain advisory for another few hours, going until 4 a. M. To the north, closer pennsylvania border is where we have a Winter Weather advisory until 4 a. M. The reason is because the temperatures further north are expected to drop to freezing and in some cases already are. Just a few showers north of winchester, a few more close to interstate 95, to the east of the bay the next hour or so. The atlantic. We are just about done with the actual rainfall, sleet, and freezing rain, but some of what phil will freeze overnight. D. C. , we actually go up with the temperatures, but further the north, closer to frederick, hagerstown, those are the spots where they could be freezi
Now at 11 00, a young woman missing after her car goes into the water in the east bay. All this rain is impacting search efforts. The storm also causing bigtime damage across the bay area. Trees are down, roads are closed. And history destroyed. New video at 11 00 gives you an up close look at whats left after powerful waves take out a local landmark. Good evening. Thanks for joining you. Im eric thomas. We have a lot to get to tonight but first lets check in with meteorologist drew tuma. Drew . Eric, we just got drenched this weekend and the rain is not over yet. Live doppler 7 showing you weve still got showers out there. Were going to go in tighter on live doppler 7, get you right down to street level, show you around burlingame and san mateo at this hour, some live showers, that extends south into redwood city, menlo park through stanford. Some light rain this evening. To the north we go and to the east bay around oakland and piedmont, alameda, some light showers and inland a simil
Cleared. Youre good to go eastbound, westbound on the vine street expressway. So far, thats pretty good right now. Just a few cars on the majors this morning. Checking travel times on 422 from route 29 towards the schuylkill, travel speeds in the 60s. Folks, it will take you eight minutes. Youre good to go. When i come back, well take a look at 95 and what you can expect traveling in south jersey. Lets recap the update we just got from the National Hurricane center. The storm is moving away from south florida and up towards the coast there. The storm is still a category 3 with sustained winds atc 120 miles per hour. The latest track shows a turn toward the north tonight or tomorrow. This is some is of the latest video were getting into the newsroom. This is from palm beach county. These first clips from jupiter where a lot of famous golfers live. Then you can see a down tree there. This is in jenson beach, along the coast. Rain and winds are moving out of this area right now, though,