Return fraud helped fuel $101B in retail losses in 2023: report
Return fraud is the latest retail crime plaguing the industry and will cost merchants about $101 billion in losses by 2023, according to the National Retail Federation. According to some sources, $743 billion worth of goods were returned last year. 2023 Retail Report Purchases from NRF and Appris Retail have a return rate of 14.5%. […]