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Free shipping is the next victim of ‘shrinkflation’

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In the world of online shopping, free shipping and hassle-free returns have long been considered perks that sweeten the deal.

However, consumers may soon have to bid farewell to these cost-saving conveniences as retailers start to roll out changes that could make returning items a costly endeavor.

End of an Era

Free shipping and no-cost returns have become almost synonymous with online shopping, setting a standard expectation among consumers.

However, this era of convenience is rapidly coming to a close as retailers grapple with the mounting costs associated with processing returns.

For many online shoppers, the ease of returning unwanted items has been taken for granted.

A global shipping crisis is inbound

However, behind the scenes, retailers have been absorbing the financial burden of processing returns, from shipping fees to restocking costs.

Now, faced with escalating expenses, retailers are shifting the onus back onto consumers, signaling the end of the free ride.

Cost of Convenience

While free shipping and returns have undoubtedly been a boon for consumers, they have come at a cost to retailers, who have been footing the bill for years.

As the retail landscape evolves, consumers will need to adjust their expectations and recognize that convenience often comes with a price tag.

As retailers adjust their policies, consumers will need to rethink their approach to online shopping.

From factoring return costs into their purchasing decisions to being more discerning about their purchases, consumers will need to adapt to this new reality.

As retailers recalibrate their policies, consumers will need to prepare for a new era of shopping where convenience comes at a cost.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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