Customer Returns in the Retail Industry

NRF and Appriss Retail surveyed retailers to better understand the current returns landscape. This report includes a look at the overall impact of consumer returns, how the holiday season and the COVID-19 pandemic impact returns, and benchmarking data on return fraud. Some key findings are below:

• Total returns account for over $400 billion in lost sales for U.S. retailers
• Online returns more than doubled and are a major driver of the overall growth of returns
• On average, retailers expect 13.3% of merchandise sold during the 2020 holiday season to be returned
• The estimated cost of these holiday returns is $101 billion 
• Receipted returns are a hidden risk from behaviors like shoplifting, collusion, wardrobing and more

Click here for a preview of the Customer Returns in the Retail Industry 2020 report.