Consumers returned nearly $900 billion worth of merchandise in 2024. Return fraud is on the rise and retailers are using ...
One-out-of-three consumers confessed to committing at least one form of return-related racket, per the retail-tech firm’s ...
Data from Happy Returns, a UPS-owned reverse logistics company, shows that nearly one in every 10 retail returns in the United States involves fraud. Retailers now lose an estimated $76.5 billion a ...
From fraud to phishing attacks to online fraud, tricksters are targeting entrepreneurs harder than ever. Here are the common ...
The company's Return Vision software compares returned products with images from the retailer, a capability being used by ...
E-commerce is as popular as ever before, and the return rates that come with it are growing fast. During the post-holiday period, these figures can spike. Vogue reported that, in December 2024–January ...
BERLIN, GERMANY - APRIL 22: The logo of the online retailer Amazon is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany. (Photo by Thomas Trutschel/Photothek via Getty Images) ...
Shoppers are increasingly exploiting return policies with various scams to defraud companies, and it is costing retailers billions. While retailers have tried to mitigate returns, they amounted to ...
Fraud is eating into retail profits. A new startup called Pinch AI just launched with $5 million in funding to fight back.
Bought grandma the wrong size sweater for Christmas? If so, think twice about the best way to return it. Most large retail stores are now charging fees for mail-in returns, according to industry ...
Many shoppers think of returns as a no harm, no foul transaction. If they deem a purchase unnecessary, and the product is unused and easy to resell, they're largely right. However, retailers are now ...
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