Kyle Bertin News Today

Flowspace announces a nationwide partnership with Two Boxes to enhance reverse logistics capabilities for merchants contending with more than $80B in post-holiday returns and exchanges.

(Bloomberg) -- Americans returned about $212 billion worth of online merchandise last year — clothes, electronics, sporting goods and more that was often liquidated for pennies on the dollar or simply tossed in landfills.

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Two Boxes, promising to make disposition of ecommerce returns more efficient for brands and 3PLs, launched with a $4.5 million seed round.