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Ok, wow, actually that sounds like life in the world I live in. Returns will erase retail margin (profit) pretty quickly. Big companies like IKEA can deal with
by watersb 5y ago
Ok, wow, actually that sounds like life in the world I live in.
Returns will erase retail margin (profit) pretty quickly. Big companies like IKEA can deal with that, I suppose, but it does take work.
I managed to get to Russia, in 1990. I didn't shop at Ikea.
- grishka 5y agoIt was still USSR in 1990 (and I wasn't born yet). They've allowed private businesses in the late 80s, but the country was still very much in the process of transitioning away from full socialism. It took many more years for international companies to establish presence and for local ones to form through privatization. There was no Ikea, but the first McDonalds opened in Moscow in 1990 and many minds were blown. So yes, these extended return policies are one of the things retailers use to compete.