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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. Valentino Garavani and Vans present AI-generated campaign
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  3. Lexus heads to Twitch for music-fueled tribute
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  5. Sephora teams with F1 Academy
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  7. Dior stages South Coast Plaza pop-up
  8. Saks Global draws additional funds from $1.75B bankruptcy financing package
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  10. Marriott International to flip Hawaii’s Resort at Kapalua Bay into St. Regis property
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