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The money from the return will be refunded to the customer’s original form of payment, Target says. This is a notable change to how a key aspect of commerce today operates.
All customers with more than $10 million in annual revenue will now have to pay a fee based on the number of CPUs or CPU cores within the server system where the database is deployed ...
In Autocar's Tiguan launch interview back in June, Volkswagen CEO Thomas Schäfer already acknowledged customers' criticism on the over-reliance on touch controls — namely on the Golf Mk8 and ID ...
With the personalized size recommendations, Amazon Fashion used AI to develop a deep learning algorithm that will help customers find their best-fitting size across a variety of styles. This ...
Return fraud is the act of defrauding a retail store by means of the return process.There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from a store shelf.
Returned merchandise requires management after the return. The product has a second life cycle after the return. An important aspect of RMA management is learning from RMA trends to prevent further returns. Depending on what the rules are, the manufacturer may send the customer an advance replacement. RMAs may be minimized in a number of ways.
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In December, the National Retail Foundation (NRF) reported that online return rates rose to 18 percent in 2020 — when customers tallied $428 billion in returned merchandise — from a mere 8.1 ...