Now that the holidays have passed, we are officially in return season! Americans return about $380 billion worth of merchandise each year, and around 1/4th of the returns happen around the holidays. With shipping, storage, and re-sale complications, returns can be a major headache for retailers.
Tobin Moore is the CEO and founder of Optoro, a reverse logistics technology company that helps major retailers manage their returns. Optoro helps retailers decide whether items should be returned to the warehouses, to second-hand sellers, to recycling facilities, or to dumps. Optoro predicts that $90 billion will be returned this holiday season alone.
Optoro raised a Series D round of funding last December bringing their total funding to over $129 million.
Bob Sallmann, CFO of McGraw Hill, breaks down the quarter’s standout performance, digital expansion, and how AI tools are driving education innovation.
Daniel Desrochers, International Trade Reporter at POLITICO, joins us to break down the ruling, the billions at stake, and what it means for consumers.
