Wardrobing on the Rise in Tough Economic Times
Wardrobing on the Rise in Tough Economic Times Skip to content
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By David Quilty Date February 08, 2022FEATURED PROMOTION
“Wardrobing” is the act of buying a product from a retailer (most commonly high-end clothing, but it can be other items as well), using it for a while, and then returning it as “unused” to the store for a full refund. For example, people who need a formal dress or suit to wear once (e.g. wedding tuxedo or wedding dress), or even people who need to access technology equipment, sometimes take advantage of liberal return policies in order to “borrow” the items they need free of charge. Instead of purchasing what they need like a normal customer, wardrobers turn retail stores into their own private libraries. They get access to products they want essentially free of charge, as long as they return them on time. While this practice has certainly taken off due to the decline in the economy, it costs retailers billions of dollars every year and leads to higher prices on goods for the rest of us.Consequences of Wardrobing
On the retail side, wardrobing amounts to fraudulent activity. A store sells a new product to a customer, but gets back a used product that often cannot be sold again as new or at full price. Some stores have responded by adopting much stricter store policies and raising their prices, thereby hurting those of us who only return items when we have a legitimate issue. Further, the act of wardrobing can be prosecuted. Ultimately, as this practice grows, all consumers will be forced to “pay” for such fraudulent activity as stores aim to protect themselves.Motley Fool Stock Advisor recommendations have an average return of 397%. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. 30 day money-back guarantee. Sign Up Now