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Nov. 22, 2024
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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. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  2. Hublot nods to tennis champion Novak Djokovic with custom chronograph
  3. Roche Bobois furnishes boutique resort in Turks and Caicos
  4. EssilorLuxottica establishes Inclusion Committee
  5. Home office boom fading in favor of living room, kitchen refurbs: 1stDibs
  6. Louis Vuitton opens applications for biennial Watch Prize
  7. Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury
  8. ‘Copy Nothing’ campaign defines next era at Jaguar
  9. Baccarat pulls incoming CEO from Printemps
  10. Leading with pedigree, Range Rover promotes plug-in SUV
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Home office boom fading in favor of living room, kitchen refurbs: 1stDibs
Off the Cuff: A Q&A with Steinway & Sons’ Ben Steiner
Roche Bobois furnishes boutique resort in Turks and Caicos