PYMNTS Daily Data Dive: National Returns Day
On this year’s National Returns Day (Jan. 5), more than 1.3 million packages were shipped back to retailers, with a total of 5.8 million slated to find their way back sometime this week. That’s up nearly 30 percent from 1 million packages on last year’s National Returns Day. Likewise, this year’s weekly rate was up 16 percent from last year’s 5 million. Return rates for brick-and-mortar stores average in the 5 to 10 percent range. For online retailers, it’s not unusual to see return rates of 30 to 40 percent.