{"id":148765,"date":"2022-01-03T01:39:55","date_gmt":"2022-01-03T01:39:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148765"},"modified":"2022-01-03T01:39:55","modified_gmt":"2022-01-03T01:39:55","slug":"online-christmas-returns-add-to-7bn-bill-for-retailers","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/","title":{"rendered":"Online Christmas returns add to \u00a37bn bill for retailers"},"content":{"rendered":"<h2>Online Christmas returns add to \u00a37bn bill for retailers as unwanted gifts are sent back at up to double the rate for items bought in shops, report shows<\/h2>\n<ul>\n<li><strong>Warehouse workers scrambling to process unwanted gifts at \u00a320 per package<\/strong><\/li>\n<li><strong>Returns specialist ReBound said one in three fashion items bought online is sent back<\/strong><\/li>\n<li><strong>Rate of returns in UK can be 30 to per cent for womenswear and 20 per cent for menswear<\/strong><\/li>\n<\/ul>\n<p>A flood of online Christmas returns is increasing a \u00a37billion nightmare for retailers.<\/p>\n<p>As the festive period ends, return warehouse workers are scrambling to process millions of unwanted gifts at an average cost of \u00a320 per package, according to nShift, a returns management company.<\/p>\n<p>ReBound, another returns specialist, said one in three fashion items bought online is sent back \u2013 double the rate for goods bought in shops.<\/p>\n<p>Al Gerrie, chief executive of ZigZag Global, which provides online returns software for clients including Selfridges, Gap and Superdry, told The Sunday Times:\u00a0<\/p>\n<p>&#8216;It&#8217;s not unusual to have a 30 to 50 per cent returns rate for womenswear and 20 per cent for menswear in the UK.\u00a0<\/p>\n<p>&#8216;Germany has the highest rate, which can be north of 50 per cent.&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/01\/03\/00\/52478805-0-image-a-6_1641170688065.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>As the festive period ends, return warehouse workers are scrambling to process millions of unwanted gifts at an average cost of \u00a320 per package, according to nShift, a returns management company (stock image)<\/p>\n<p>Professional services group KPMG said spiralling costs mean returns have become &#8216;something of a Pandora&#8217;s box&#8217; for retailers.<\/p>\n<p>It puts the bill for British retailers at around \u00a37billion a year.\u00a0<\/p>\n<p>And returns can slash profits by up to 30 per cent, according to the US-based Reverse Logistics Association.<\/p>\n<p>Many retailers do not charge customers a fee if they return goods, but some have introduced them, including Hollister, which charges \u00a35, and Uniqlo which charges \u00a32.95. Next charges \u00a32 per collection.<\/p>\n<p>Many factories are running 24 hours a day throughout the year, with staff opening, checking \u2013 and even sniffing the item \u2013 before it is steamed, repressed, repackaged and resold as new.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/01\/03\/00\/52478773-0-image-a-4_1641170627878.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Many retailers do not charge customers a fee if they return goods, but some have introduced them, including Hollister, which charges \u00a35, and Uniqlo which charges \u00a32.95. Next charges \u00a32 per collection (stock image)<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-10363527\/Online-Christmas-returns-add-7bn-bill-retailers.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online Christmas returns add to \u00a37bn bill<\/p>\n","protected":false},"author":3,"featured_media":148764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23056],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Online Christmas returns add to \u00a37bn bill\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-03T01:39:55+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Online-Christmas-returns-add-to-7bn-bill-for-retailers.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/\",\"url\":\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/\",\"name\":\"Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2022-01-03T01:39:55+00:00\",\"dateModified\":\"2022-01-03T01:39:55+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World News\",\"item\":\"https:\/\/precoinnews.com\/category\/world-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Online Christmas returns add to \u00a37bn bill for retailers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/","og_locale":"en_US","og_type":"article","og_title":"Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News","og_description":"Online Christmas returns add to \u00a37bn bill","og_url":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/","og_site_name":"Pre Coin News","article_published_time":"2022-01-03T01:39:55+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Online-Christmas-returns-add-to-7bn-bill-for-retailers.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/","url":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/","name":"Online Christmas returns add to \u00a37bn bill for retailers - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2022-01-03T01:39:55+00:00","dateModified":"2022-01-03T01:39:55+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/world-news\/online-christmas-returns-add-to-7bn-bill-for-retailers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"World News","item":"https:\/\/precoinnews.com\/category\/world-news\/"},{"@type":"ListItem","position":3,"name":"Online Christmas returns add to \u00a37bn bill for retailers"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/148765"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=148765"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/148765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/148764"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=148765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=148765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=148765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}