Tag: return fraud
How to Manage Inventory: Shrink Visibility
At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.
Appriss Retail Surpasses Milestone of 3 Billion Real-Time Transactions Processed
Appriss Retail has recently announced it has processed more than three billion real-time requests for analytics-driven decisions. The achievement underscores the company’s continued growth...
The Worldwide Impact of Shrink
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...
A 23-Year-Old Accused of Stealing $1.3M in a Return Fraud Crime Spree
Last week, Thomas Frudaker was arrested on suspicion of returning a computer without all of its components to a Walmart in Yuma, Arizona. But,...
Challenges and Advantages of AI in the Retail Industry
AI in the retail industry promises improved efficiencies, lower costs, and improved customer experiences—but it's important to be aware of the technology's current capabilities and its one "fatal flaw."
Stop Worrying about the Retail Apocalypse and Focus on the Tsunami of E-commerce Returns
In the July-August 2017 issue of this magazine, I wrote an article titled "Brick-and-Mortar Is Not Dead; Amazon Just Proved It." That statement continues...
Return Fraud’s Impact on Retail Sales and E-commerce Returns Highlighted in Report from Appriss...
Appriss Retail recently released its 2017 Consumer Returns in the Retail Industry report, which analyzes results from the National Retail Federation’s 2017 Organized Retail...
Organized Retail Crime On the Rise, According to Annual NRF Study
Organized retail crime is continuing to grow, with 67 percent of retailers surveyed reporting an increase in the past year, according to the 13th...
How a Strict Retail Return Policy Can Decrease Revenue and Return Rates
Merchandise return transactions are a critical part of the customer experience of the retail industry. The objective is an optimal return rate, where the...