Fraudulent store-returns - a $16B market - and growing!
This week’s issue of Business Week has an interesting article on fraud in store-returns (here - requires subscription).
They say that the fraud in 2003 amounted to $16B - up 23% from 2002 - talk about a growth market!
Stories range from people returning bricks instead of a DVD player, others buying your unexpired receipts for $10, and then shoplifting the goods prior to return - a practice called “shoplisting”.
I thought RFID was going to solve all those problems - but there was no mention of RFID in the article…
[Technorati Tags: shoplifting shoplisting rfid]
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply