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Apparel and accessories

Online apparel purchase returns to cost US retailers $38B in 2023: Coresight

May 25, 2023

Return purchases in the United States is currently worth $38 billion, causing companies to rethink current shopping experiences and systems. Image credit: Adobe Return purchases in the United States is currently worth $38 billion, causing companies to rethink current shopping experiences and systems. Image credit: Adobe

 

By Emily Iris Degn

Consumers are increasingly making returns online, causing apparel brands and retailers to take a massive financial hit.

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  1. British designer Clare Waight Keller joins BFC board
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  6. Rolex continues support for England’s National Film and Television School
  7. Rolls-Royce opens second Dubai showroom
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  9. Bulgari signs pop star Dua Lipa as global brand ambassador
  10. Krug, composer Max Richter premiere cuvée-inspired compositions in London
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