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

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

 

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