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The report, “Detecting and Reporting the Illicit Financial Flows Tied to Organized Theft Groups and Organized Retail Crime,” highlights red flags associated with organized theft groups.
A new report released today by the National Retail Federation and ApprissRetail shows that retailers expect more than $761 billion in merchandise sold last year to be returned by consumers.
Returns accounted for 10.6 percent of retail trade in 2020, and totaled $428 billion. With increased ecommerce adoption across retail segments, returns are set to grow exponentially in 2022 and beyond.