Dan Hurwitz, Raider Hill Advisors, is looking for a really strong holiday season for brick-and-mortar retailers. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Brian Kelly, Dan Nathan and Tim Seymour.
The new normal for many consumers is buying gifts from the comfort of the couch. And as online sales continue to grow, the amount of items that people are returning during the holidays only continues to grow with them. To records.
Shoppers are expected to return $41.6 billion worth of merchandise bought on the internet this November and December, according to a study by commercial real estate services firm CBRE, in partnership with Optoro, a company that helps retailers process returns. That’s up from a projection of $37 billion last year, and would make an all-time high, the report said.
This figure is calculated by assuming shoppers return, on average, 15% to 30% of online purchases. That’s compared with a return rate of about 13% for shoppers at bricks-and-mortar stores.
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