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|Thursday, December 15, 2011|
The holiday shopping season started out strong, but customers are already returning items at a higher than usual rate.
Return rates spiked when the Great Recession struck and have stayed high. For every dollar stores take in this holiday season, they’ll have to give back 9.9 cents in returns, up from 9.8 last year, according to the National Retail Federation’s survey of 110 retailers. In better economic times, it’s about 7 cents.
This time of year, fractions of a penny add up. Stores are expected to ring up $453 billion during the holiday season. Merchants make up to 40 percent of their annual sales in the last two months of the year.
Returns are typically associated more with January than December. After all, that hot pink sweater with yellow stars on the sleeves may not be exactly what your sister had in mind. But these days, more is going back before it ever gets to Santa’s sack.
“When the bills come in and the money isn’t there, you have to return,” says Jennifer Kersten, 33, of Miami. She spent $300 the day after Thanksgiving on books, movies and clothes for her nephews. Last week she returned half of it.
Read more at The Register-Guard.
|Thursday, December 19, 2013|
BY BRANDY CODY | GUEST BLOGGER
With the holidays in full swing, many companies are electing to celebrate with their employees by throwing holiday parties. There is always some degree of risk associated with any company-sponsored function.
|Tuesday, February 25, 2014|
Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.
|Thursday, March 06, 2014|
BY HANNAH WALLACE | OB BLOGGER
The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.
|Thursday, January 23, 2014|
BY ERIC FRUITS | OB BLOGGER
Oregon’s minimum wage workers rang in the New Year with a raise. At $9.10 an hour, the state now has the second highest minimum wage in the country.
|Thursday, January 23, 2014|
BY LINDA BAKER
Bridgetown Natural Foods launched an employee-wellness program to promote healthier eating.
|Wednesday, January 15, 2014|
BY MIKE GREEN | OB BLOGGER
The problem with the issue of income inequality is that it’s typically an afterthought to a region’s economic planning, and not a core priority around which primary economic strategies revolve.
|Tuesday, January 14, 2014|
BY VIVIAN MCINERNY | OB BLOGGER
For Oregon’s comic biz, 2014 is already proving to be a real page-turner.
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