AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Retailers tighten gift return procedures to stop swap scams.

New Orleans CityBusiness

| January 03, 2005 | COPYRIGHT 2003 Dolan Media Newswires. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Chris Price

Returning the sweater that fit too tight and fighting after-Christmas sale crowds weren't the only aggravations for consumers returning goods to retail stores this post-holiday season.

Many returned items had to be accompanied by personal information, including a driver's license or address.

Retailers say they need the information to reduce fraudulent returns, which cost the industry more than $16 billion last year, according to the 2003 National Retail Security Survey, conducted by University of Florida criminology professor Richard C. Hollinger.

The average retail return rate was 8.58 percent. About 9 percent of all …

Related articles from newspapers, magazines, journals, and more
Retailers Get Strict on Return, Exchange Policies.
Newspaper article from: Knight Ridder/Tribune Business News November 24, 2002 700+ words
...and refusing returns of certain items if opened -- helps retailers save money, said Ellen Tolley, spokesperson for the National Retail Federation. "Retailers aren't trying to be the bad guy or the Grinch to customers," she said. "They need to find...
Retailers turn to Irvine, Calif., firm's tracking system for returns.
Newspaper article from: Knight Ridder/Tribune Business News December 9, 2004 700+ words
...said Ellen Tolley of the National Retail Federation. The technology...to is Verify-1 from The Return Exchange, a privately held Irvine...sales and marketing of The Return Exchange, said, "If we gave you...holiday shopping season. The Return Exchange does not share ...
Retailers have tightened rules on holiday gift returns.
News wire article from: Knight Ridder/Tribune Business News December 24, 2004 700+ words
...technology from The Return Exchange of Irvine, Calif...returning items. The Return Exchange maintains a database...according to the National Retail Federation. Customers...system can contact The Return Exchange to find out why their...
What You Need to Know About Holiday Gift Returns.(Ahead)
Magazine article from: Kiplinger's Personal Finance Magazine January 1, 2006 700+ words
...Davis, spokeswoman for the National Retail Federation. Some retailers...billion a year, according to the National Retail Federation. That's why an...chains have teamed up with the Return Exchange to monitor returns. Each time...
Learn before you return: Changing store policies may make it harder to take...
News wire article from: Charlotte Observer (Charlotte, NC ) December 24, 2006 700+ words
...merchants who use The Return Exchange need to be up front...representative for The Return Exchange said company officials...being referred to The Return Exchange after being denied...return fraud. The National Retail Federation estimates...
Taking that gift back? Policies are tougher now.
News wire article from: Knight Ridder/Tribune Business News December 25, 2004 700+ words
...system, provided by the Return Exchange, a privately held company...returns declined are given Return Exchange's toll-free number. Return Exchange does not divulge its...returns," she said. The National Retail Federation released...
Some retailers requiring photo ID for returns.
Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) December 17, 2004 700+ words
...Fraud. According to the National Retail Federation, returns of...are abusing the system. Return Exchange, an Irvine, Calif...policy. After that, the Return Exchange system employs "a complex...or abusive behavior." Return Exchange, which declined to be interviewed...
Returns: watch out this holiday season.(Money)
Magazine article from: Consumer Reports December 1, 2005 700+ words
...of loss prevention at the National Retail Federation, a trade group...and Staples, use the Return Exchange, which maintains return...for too much money. The Return Exchange would not tell us exactly...number, either. But the Return Exchange assured us that if your...
Some retailers requiring photo ID for returns.(Knight Ridder Newspapers)
Newspaper article from: Knight Ridder/Tribune News Service Tanaka, Wendy December 18, 2004 700+ words
...Fraud. According to the National Retail Federation, returns of...are abusing the system. Return Exchange, an Irvine, Calif...policy. After that, the Return Exchange system employs "a complex...or abusive behavior." Return Exchange, which declined to be interviewed...
Some retailers now require photo IDs to return items.
Newspaper article from: Knight Ridder/Tribune Business News December 17, 2004 700+ words
...Fraud. According to the National Retail Federation, returns of...are abusing the system. Return Exchange, an Irvine, Calif...policy. After that, the Return Exchange system employs "a complex...or abusive behavior." Return Exchange, which declined to be interviewed...
For more facts and information, see all results
©2010 Gale, a part of Cengage Learning. All rights reserved. About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily