Return fraud helped fuel $101B in losses for retailers in 2023: report

5-1-2024 Business NY Post - Business 23

Return fraud is the latest retail crime plaguing the industry, contributing to some $101 billion in losses for sellers in 2023, according to the National Retail Federation. Last year, $743 billion worth of merchandise was returned, according to a 2023 Retail Report from NRF and Appriss Retail, marking a 14.5% return rate. Of those, the...

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