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Grace Sharkey Thursday, January 9, 2025

Retail’s $103 billion problem 😰

In 2024, retailers dealt with a costly challenge: U.S. consumers returning $685 billion worth of merchandise — 13.21% of total retail sales, according to Appriss Retail’s latest report.  Alarmingly, 15.14% of these returns were fraudulent, costing retailers a staggering $103 billion. The report, created with Deloitte, highlights the most common fraud schemes. Wardrobing, in which […]

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Grace Sharkey Thursday, December 5, 2024

Fraud Watch: Sneakers, scams and AI

Recent headlines reveal how freight fraud is no respecter of national borders. Authorities have arrested Shenghua Wen, a Chinese national residing illegally in the U.S., on suspicion of exporting firearms, ammunition and restricted military technology to North Korea. Operating out of Long Beach, California, Wen reportedly hid the contraband in shipping containers routed through Hong […]

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