Dan Ariely Quotes

Wardrobing Is Buying An Item Of Clothing, Wearing It For A While, And Then Returning It In Such A State That The Store Has To Accept It But Can No Longer Resell It. By Engaging In Wardrobing, Consumers Are Not Directly Stealing Money From The Company; Instead, It Is A Dance Of Buying And Returning, With Many Unclear Transactions Involved. But There Is At Least One Clear Consequence - The Clothing Industry Estimates That Its Annual Losses From Wardrobing Are About $16 Billion (about The Same Amount As The Estimated Annual Loss From Home Burglaries And Automobile Theft Combined).

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