Retailers Lose £29 Million to Returns Fraud Across 1 Million Orders, as New ReBound Data Reveals Industry ‘Blind Spot’ (opens original article in a new tab)

New data reveals that retailers lost £29 million to returns fraud across 1 million orders, highlighting a growing issue in the retail industry as return rates increase and fraud detection remains inadequate.

• Retailers lost £29 million to returns fraud across 1 million orders, according to ReBound data.
• Returns fraud is rising as return rates approach 20% of online sales, with a global market value of $850 billion in the US.
• The report highlights that fraud rates vary by region, with Poland at 6.6% and Denmark at 5.3%.