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Returns Fraud: Identifying and Addressing a Growing Threat

Retail TouchPoints

With the holiday season out of the way, next to come is a wave of returns that will stretch into the new year. The value of merchandise being fraudulently returned to retailers hit an all-time-high in 2024 at over $100 billion , up four-fold compared to just four years ago, according to industry sources.

Returns 279
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Vince Holding Corp. Changes Hands, Former CEO Brendan Hoffman to Return to the Helm

Retail TouchPoints

million and a 25% interest in a newly formed Authentic subsidiary, ABG Vince, in a bid to strengthen its finances. In 2023 , VNCE sold the Vince intellectual property to Authentic Brands Group for $76.5 Authentic now holds a long-term license for Vince-branded products.

Returns 281
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The Secret to Solving Retail’s $743 Billion Returns Problem: Intelligent Customer Support

Retail TouchPoints

With returns siphoning off a staggering $743 billion from retailers bottom lines in 2023, its clear that the industrys approach needs an overhaul. But instead of leaning on rigid policies that risk driving customers away, retailers can use this as an opportunity to rethink returns.

Returns 162
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3 Hidden Traps for Retailers this Holiday Season

Retail TouchPoints

More importantly, retailers need to bring their finance teams in early to keep updating the numbers and reworking them throughout the season as needed. And don’t forget: after the holidays comes the deluge of returns. However, what retailers must do now is respond as quickly as possible to shifts in consumer and competitor behavior.

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Green Wheels: Exploring Car Finance Options for Electric and Hybrid Vehicles

365 Retail

With car finance options at carmoney.co.uk , prospective buyers can discover tailored plans designed for eco-friendly automobiles. Personal Contract Purchase: Tailored to Your Needs Personal Contract Purchase (PCP) is another popular way to finance hybrid or electric cars.

Finance 52
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Retail’s IPO recalibration: From scaling fast to chasing sustainable growth

Inside Retail

Sustainable growth without public listing may still be a viable path; however, given the current capital market conditions and rising investor caution, the outlook for Australian DTC retailers will depend on financing options. “Koala is on its way to becoming an iconic Aussie consumer brand.

Finance 195
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Some relief at last: Interest rate trim welcomed by retailers

Inside Retail

Simon Baptist, principal economist for Visa Asia Pacific, said that “consumer sentiment remains fragile with a lot of people saying their financial situation is worse compared to last year” Baptist added: “Aussie households will welcome this rate cut as it will help return their finances to a sustainable trajectory.”

ATS 253