Merchandise Returns Drop 9% But Fraud Expected To Rise
Total returns in the retail industry are expected to reach $743 billion in 2023, down from $816 billion in 2022.
Source: forbes.com
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Free returns are going away
If you’re thinking of sending back a disappointing gift you just received over the holidays, the return may bring even more disappointment.
Source: wishtv.com
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Retailers Look To Tighten Rules as Fraudulent Returns Grow
Returns are declining as a percentage of sales, a new report shows, but retailers are hardening up refund policies as fraud and abuse are on the rise.
Source: investopedia.com
Free returns are going away
If you're thinking of sending back a disappointing gift you just received over the holidays, the return may bring even more disappointment.
Source: ksbw.com
End of free returns: Many retailers to start charging fees
Americans have grown accustomed to free returns, but a growing number of retailers are charging fees as returns squeeze retailers’ bottom lines.
Source: siouxcityjournal.com