goTRG Report: 2023 Returns Insights and 2024 Forecast
To tackle the $743 billion return problem, retailers are exploring new strategies and partnerships to curtail returns and return fraud.
Fraud costs retailers $10.30 per $100 in returns, resulting in a loss of $761 annually and a $78.4 billion problem. Our expert on fraud and loss prevention offers tips on identifying predators and preventing losses during the holidays and in an age of increasing fraud.
Today, the demand for secondary market goods remains high. To remain competitive and recover profits on the secondary market, wholesalers have to adjust.
Third-party returns organizations provide essential services, but retailers must carefully choose the right partner to reach their business goals.
Here we review the latest consumer spending, shopping, and returning preferences for Spring 2022.