Holiday Return Fraud to Hit $3.7 Billion: NRF

WASHINGTON — Loss prevention executives anticipate that nearly 9% (8.93%) of holiday returns will be fraudulent, up slightly from 8.67 percent last year, according to the National Retail Federation’s second annual Return Fraud Survey.

WASHINGTON — Loss prevention executives anticipate that nearly 9% (8.93%) of holiday returns will be fraudulent, up slightly from 8.67 percent last year, according to the National Retail Federation’s second annual Return Fraud Survey. As a result, return fraud will cost retailers an estimated $3.7 billion this holiday season, up from $3.5 billion last year. Retailers will lose $10.8 billion to return fraud in all of 2007. Despite the prevalence of fraud, more than a third of retailers (35.0%)

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