Retailers estimate that 15.8% of their annual sales will be returned this holiday season, totaling $849.9 billion, according to the 2025 Retail Returns Landscape report released by the National Retail Federation and Happy Returns, a UPS company.
Read MoreHoliday shopping is underway, and experts at Indiana University’s Kelley School of Business say this year’s season is shaping up to be another strong one, driven by continued growth in online sales and earlier purchasing patterns.
Read MoreThe National Retail Federation expects people will spend nearly $989 billion by the end of the year on holiday shopping but the costs cannot compare to an injury or death due to unknowingly buying a faulty product.
Read MoreEven before Virginia lawmakers passed a tough new law against organized retail crime earlier this year, Bradley Haywood, a public defender in Arlington, Virginia, challenged the rationale.
Read MoreThe National Retail Federation has forecasted that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
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