Retail returns: An $890 billion problem [CNBC]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: CNBC
Retail Federation and return management company Happy Returns. That's up from 15% in 2023. The growing amount of returned merchandise presents major challenges for retailers, not to mention the environmental cost. Holiday shopping is expected to reach record levels this year. But a growing share of those purchases will be sent back Returns in 2024 are expected to amount to 17% of all merchandise sales, totaling $890 billion in returned goods, according to a new report by the National Retail Federation and return management company Happy Returns. That's up from a return rate of about 15% of total U.S. retail sales, or $743 billion in returned goods , in 2023. Even though returns happen throughout the year, they are much more prevalent during the holiday season, the NRF also found. As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate. “Ideally, I hope there is a world in which you
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Earnings
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Sec Filings
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- 12/5/24 - Form 4
- 12/3/24 - Form 4
- LEVI's page on the SEC website