By  on December 4, 2012

The National Retail Federation has put a price tag on the cost of fraudulent holiday returns, and it’s larger than the volume of a number of the trade association’s members.

Based on responses from loss prevention executives at 60 U.S.-based retail companies for its 2012 Return Fraud Survey, NRF estimates that return fraud will cost U.S. retailers $2.88 billion this holiday, about 4.6 percent of the $62.71 billion in total merchandise returned during the season.

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