
Amy Zahn
Associate Producer at NBC News
producin’ the news 🗞️🎥🦚@nbcnews. formerly @msnbc, @CBSMornings @pressenterprise @UCRiverside
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Jan 7, 2024 |
finance.yahoo.com | Brian Cheung |Amy Zahn
Brian Cheung and Amy ZahnJanuary 7, 2024 at 10:00 AM·4 min readRetailers are now in the throes of processing billions of dollars in returned holiday gifts, but many of those items aren’t going back on shelves. Instead, they’ll be bundled off to warehouses and sold in auctions for a fraction of their sticker prices. More than 15% of the $966 billion in purchases nationwide this past holiday season will be returned, the National Retail Federation estimates.
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