Venture Firms See $212 Billion Opportunity in Online Returns

Americans returned about $212 billion worth of online merchandise last year — clothes, electronics, sporting goods and more that was often liquidated for pennies on the dollar or simply tossed in landfills. Despite the massive waste and losses, retailers have long seen returns as a cost of doing business. Now, with companies looking to cut expenses as the pandemic-era shopping boom fizzles out, a host of startups with names like Loop Returns and Two Boxes has emerged promising to help retailers make the returns process more efficient — and even profitable.

Read more at Bloomberg.