How do I budget for Black Friday returns?
As an e-commerce business owner preparing for Black Friday, I'm deeply concerned about managing potential return costs that could significantly impact my holiday season profitability. Returns during high-volume sales periods like Black Friday can dramatically erode margins, and I need a strategic approach to forecast, budget, and mitigate financial risks associated with increased product exchanges and refunds. How can I create a comprehensive financial strategy that accounts for expected return rates while maintaining customer satisfaction and protecting my bottom line?