Retailers are losing $100 billion a year from return fraud, bots and coupon stacking, study says
Publishing timestamp: 2023-09-14 09:31:41
Summary
The article discusses how policy abuses, such as return fraud and coupon stacking, are costing retailers $100 billion annually. It highlights examples of fraud, such as creating fake accounts to take advantage of discount codes, and the impact it has on retailers' profits. The article also mentions that some retailers are reevaluating their policies and using customer histories to determine who should receive free returns.
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Keywords: canada goose holdings inc, riskified ltd, thredup inc, products and services, revolve group inc, business news, business, breaking news: business, peloton interactive inc, wayfair inc, new york, retail industry,
Source: https://www.cnbc.com/2023/09/14/retailers-are-losing-100-billion-a-year-from-fraud-riskified.html