It comes out of their bottom line and inevitably makes prices go higher." "It's falling back on either Amazon or the third-party seller. "Somebody has to pay for that," said Micah Clausen, who sells party supplies and home goods on Amazon under a third-party store named Iconikal. Meanwhile, Amazon third-party sellers told CNBC they end up throwing away about a third of returned items. That report says 10.3% of those returns were fraudulent. In 2021, a record $761 billion of merchandise was returned, according to estimates in a new report from the National Retail Federation. Moore says online purchases are at least three times more likely to be returned than items bought in a store. "That's the equivalent of the waste produced by 3.3 million Americans in a year." "From all those returns, there's now nearly 6 billion pounds of landfill waste generated a year and 16 million metric tons of carbon dioxide emissions as well," said Tobin Moore, CEO of returns solution provider Optoro. Personal Loans for 670 Credit Score or Lowerīut there's a darker side to the record number of returns flooding warehouses after the holidays. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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