Retailers try to curtail returns

May 23, 2023

Return rates in 2022 were about 14 percent higher than the year and some retailers are taking a carrot-or-stick approach to reduce the amount of unwanted merchandise they have to process. Amazon.com is warning consumers about products with high return rates and offers free returns on items dropped at preferred locations. Others including H&M and Zara are adding return fees.

Recent News

Boeing’s First Astronaut Flight Postponed Due to Last-Minute Computer Glitch

In a turn of events, Boeing’s highly anticipated first astronaut flight was called off at the last minute due to a computer glitch. This setback adds to a series of delays that have plagued the program over the years. The launch, which was scheduled to take place at Cape Canaveral Space Force Station, was intended to send NASA astronauts Butch Wilmore and Suni Williams to space aboard Boeing’s Starliner capsule.

Porsche 911 Unveils Hybrid Power in 2025 Carrera GTS

The iconic Porsche 911 is being electrified with hybrid power for the first time ever, and will be introduced starting with the higher-trim 2025 911 Carrera GTS using a new “T-Hybrid” system. It includes two electric motors: one integrated into the car’s turbocharger and the other in 8-speed PDK (dual clutch) transmission. The electric motor in the PDK system delivers 54 hp (40 kW) and 110 lb-ft of torque, boosting the 911’s total power output to an impressive 532 hp and 449 lb-ft of torque.

Massive Data Breach Hits Ticketmaster, Affecting 560 Million Customers

Ticketmaster has fallen victim to a significant cyber-attack, potentially compromising the data of up to 560 million customers. The breach was confirmed by Ticketmaster’s parent company, Live Nation, which revealed that a notorious hacking group, ShinyHunters, is behind the attack. The hackers are demanding a ransom of approximately £400,000 to prevent the data from being sold on the dark web.