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It’s not a bright, shiny moment showcasing the best of human nature. The practice called “wardrobing” happens when consumers purchase an item from a retailer, use it, and then return it for a full refund. It’s usually done with pricey clothing, hence the name.
On Super Bowl weekend, it happens with TVs.
According to B-Stock Solutions, an online marketplace for retailers’ returns and overstocks, in 2016-2017 consumers returned twice as many TVs between January and March compared to October through December. The first quarter represents the highest number of TV returns made all year.
Within the last few months, Big Lots, Channel Control Merchants, and American Freight have each announced bankruptcy. The immediate future looks different for each of these organizations, and while these developments were somewhat expected to those in the know, they’re…
Apple released four new iPhone 16 models in September 2024. While the announcement, hype, and release happened just as consumers and players in the mobile industry have come to expect, what happened next in the secondary market was something of…