Restocking Fees and Refund Losses
Definition
Wholesalers charge restocking fees of 30% on certain furniture returns and up to 50% termination fees on special orders, directly reducing net revenue from refunds while incurring restocking labour costs.
Key Findings
- Financial Impact: AUD 30% handling fee per return (e.g., Absco items); AUD 50% termination fee on special orders; AUD 39 fixed per order non-refundable
- Frequency: Per return or cancellation event
- Root Cause: Manual returns authorisation without automated defect verification leads to chargebacks and deductions
Why This Matters
The Pitch: Wholesale Furniture players in Australia waste AUD 30-50% per returned item on restocking fees. Automation of Returns Authorisation verifies eligibility and minimises deductions.
Affected Stakeholders
Returns Manager, Customer Service, Warehouse Staff
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Transportation and Handling Costs
Lost Sales from Strict Returns Policies
Verzögerter Zahlungseingang durch lange Zahlungsziele und überfällige Forderungen
Erlösverluste durch strittige Rechnungen und nicht fakturierte Leistungen
Hohe Innenkosten im Mahnwesen und Inkasso durch manuelle Prozesse
Falsche Kreditentscheidungen mangels Bonitäts- und Zahlungsdaten
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