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Free shipping is the next victim of ‘shrinkflation’

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7 months ago

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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.

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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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Money

What to expect for IPO markets

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22 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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