Procedural review audits (PRAs) are an effective tool for systematically combating return fraud.
The most common type of return fraud is return of stolen merchandise. Wardrobing, the return of used non-defective merchandise, like special occasion apparel and certain electronics, also poses a huge problem, as more than six in 10 retailers (61.4 percent) say they have been victims of this activity within the past year. Yet according to […]
Retailers can assuage consumers’ online shopping concerns with a trust mark symbol, and by taking precautionary measures.
Although the problem continues, online retailers have taken steps to limit their losses and track down the perpetrators.
A new report from the NRF says retailers will lose even more to return fraud this year than last. Are you prepared to protect yourself?
Do you buy or sell product over the Net? If so, fraud is becoming a major concern. Here are some ways to protect yourself.
Retailers lost billions to fraud last year, but there is some hope, as losses were off from the previous year.
The Frito-Lay company has issued a warning to store owners nationwide about a real-looking Doritos coupon that is defrauding innocent shopkeepers. The fraudulent coupon for up to $5 off is being circulated online, and the company is working hard to track down the source. For the whole story, and a look at both the fake […]
GIFT CARDS are easy for dishonest employees to exploit, according to a recent article in The New York Times.