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Study: Merchandise returns cost retailers nearly $270 billion in lost sales
IRVINE, Calif. — Merchandise returns in 2013 cost retailers in the United States more than $267 billion in lost sales. That’s one of the findings contained in the Retail Equation’s "2013 Consumer Returns in the Retail Industry" study, which analyzes results from the National Retail Federation’s annual survey on merchandise returns and the "2012 Canadian Retail Security Survey" from the Retail Council of Canada National Retail Federation.
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Obama to visit a Costco store in Maryland
WASHINGTON — Following his State of the Union speech, President Barack Obama is scheduled to stop by a Costco store in Maryland on Wednesday, according to news reports.
During his stop at the Costco in Lanham, which is located about 15 miles from the White House, Obama is expected to deliver remarks on the economy, the USA Today reported.