How many items a month are you returning? 40% of us are returning clothes regularly

More than a century ago, a department store pioneered the concept of no-questions-asked returns. Do you know that department store?<br />JC Penney<br /><br />100 years go, the return rate was maybe 2%, <br />In today's age of internet shopping, the return rate is closer to … 20% and could be twice that for clothing (40%)<br /><br />-The business of handling returns is now a business unto itself<br />The winter holiday returns in the US amount to more than $300 billion.<br />That’s one and a half per cent of US Gross Domestic Product —which would be bigger than the GDP of many countries around the world— from just  the stuff that people return  for Christmas<br /><br />Annually, the retailed value of returned items is …  is near $1 trillion<br />LiquidityServices.com<br /><br />Returned items is a HUUUUUUGE Business<br /><br /><br />Photo Courtesy: CNBC<br />