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The story sounds fishy, but one way to have returns exceed sales is to ship 1,000 to stores on consignment, the store sells 500 of those for cash, the buyers re
by sema4hacker 1y ago
The story sounds fishy, but one way to have returns exceed sales is to ship 1,000 to stores on consignment, the store sells 500 of those for cash, the buyers return their 500 for refunds, and the store returns the remaining unsold 500. So 500 actual sales but 1,000 returns.
- msgilligan 1y agoI've heard of companies doing things like this to "cook the books" for a quarterly report.
- fluoridation 1y ago>So 500 actual sales but 1,000 returns. Sure. As long as we keep in mind that "return" doesn't mean "reverted sale", but "reverted shipment to retail".
- kelnos 1y agoThe 500 sent back by the consignment store aren't "returns" though, as they were never sold. That's just the equivalent of moving inventory from one warehouse to another.