Author: Areej Rabie

How retailers turned returns into a profit center.

Discover innovative strategies for leveraging product returns to acquire new customers and drive business growth.

Brands can leverage data to turn returns from a cost center into a strategic advantage.

Each attending member of Team Nok has recorded their thoughts on some of the key points they took away from CES 2024.

Liquidating has the effect of keeping items out of sight and out of mind, but also leaves the brands and primary sellers significantly out of pocket and out of control.

The article sheds light on the escalating issue of free returns, revealing that the widespread practice contributes to a staggering $1 trillion in losses for U.S. retailers in 2023, with over 10 billion pounds of returned goods ending up in landfills.

While the returns economy provides convenience and flexibility for consumers, it brings challenges for brands and retailers navigating this new landscape.

Recommerce has gained significant traction and adoption across the broader retail landscape. It has transformed the way we think about consumption and has become a prominent aspect of modern commerce.

The Circular Economy The global economy has long operated on a linear model of production and consumption. This is where resources are extracted, utilized, and ultimately discarded as waste. However, in the face of mounting environmental and economic challenges, the concept of the circular economy has emerged as a promising alternative. The circular economy envisions … Continued