Return fraud in the retail and hospitality sector is a massive problem for retailers, equating to around 33.9 billion U.S. dollars worth of merchandise in North America, and 93 billion U.S. dollars worldwide.
Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019
(in billion U.S. dollars)
Characteristic
Cost of return fraud in billion U.S. dollars
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IHL Group. (June 2, 2020). Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/
IHL Group. "Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019 (in billion U.S. dollars)." Chart. June 2, 2020. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/
IHL Group. (2020). Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/
IHL Group. "Cost of Return Fraud in The Retail and Hospitality Sector in North America and Worldwide in 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Jun 2020, https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/
IHL Group, Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/ (last visited July 27, 2024)
Cost of return fraud in the retail and hospitality sector in North America and worldwide in 2019 (in billion U.S. dollars) [Graph], IHL Group, June 2, 2020. [Online]. Available: https://www.statista.com/statistics/1143026/retail-and-hospitality-return-fraud-cost-worldwide/