Retailers Expect to Lose $3.8 Billion on Holiday Return Fraud

Retailers expect to lose nearly $4 billion this holiday season due to stolen merchandise being returned to stores, according to a recent survey.

The National Retail Federation surveyed grocery, department, discount, specialty and small retailers to predict the loss of $3.8 billion to individual people and crime rings returning stolen items during the holidays, according to a press release from the organization.

Retailers overall expect to lose nearly $11 billion nationally from return fraud for the entire year, the press release says.

To read the full report from the National Retail Federation, click here.