According to the National Retail Federation's 2023 Consumer Returns in the Retail Industry report, customers returned $743 billion worth of merchandise last year. That massive dollar amount represents.
Product returns are an unavoidable part of running an e-commerce business. They can t be eliminated, so offering the option to return items can be a vital part of a business s strategy. As the adage goes: "If you have too few returns, you re not selling enough." Still, most e-commerce businesses would like to reduce the numbers of returns they need to process.