26 Dec, 2020 08:30 am

A big wave of gift returns By Reuters

A big wave of gift returns By Reuters
Next up for retailers: A big wave of gift returns

"That math has created a significant increase in returns,” said Zomok, who added that apparel returns are at a record high.Getting those products turned around for resale is vital - particularly for fast-fashion retailers who sell trendy apparel, Inmar's Zomok said."The window is going to be short," Zomok said.To make the process more efficient, retailers including Walmart (NYSE: WMT ) Inc and Target Corp (NYSE: TGT ) let shoppers drop unwanted gifts at FedEx (NYSE: FDX ) or United Parcel Service (NYSE: UPS ) drop-off sites.

It joins a swath of retailers, including Walmart, Macy’s and Amazon, who are giving shoppers more time to return purchases - a move that could make it harder to resell seasonal merchandise.FILE PHOTO: A woman takes pictures of Christmas window at the Macy's Herald Square store in New York City p By Nivedita Balu, Melissa Fares and Lisa Baertlein NEW YORK (Reuters) - As shoppers tuck their final Christmas presents under the tree, U.

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