Marketplace®

Daily business news and economic stories

Retailers brace for return fraud in the holiday season

Retailers brace for return fraud in the holiday season
jarmoluk/Visual hunt

During the holiday season, shoppers spend billions of dollars on gifts — and some of those gifts will be returned. For retailers, that means being extra cautious. Last holiday season, return fraud was a $2 billion problem, according to the National Retail Federation. Fraudulent schemes include “wardrobing,” where people buy clothes, wear them and then return them; invoice fraud, where people fudge invoices to inflate the return price; and shoplifting returns, where people who steal items from a store try to return them for cash.

Click the above audio player to hear the full story.


Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    3 days ago
    10:08
  • Marketplace Tech
    3 days ago
    9:50
  • Make Me Smart
    2 days ago
    34:31
  • Marketplace
    2 days ago
    25:35
  • Financially Inclined
    3 days ago
    15:02
  • How We Survive
    5 days ago
    26:17
Retailers brace for return fraud in the holiday season