Thursday, 04 February 2016 20:04

2-5-2016 - FRF's Weekly Loss Prevention Tips

Basic Tip: Return Fraud is one of the most popular crimes to occur from late Dec through January due to the increase in returns from holiday gifts. Limit your exposure to Return Fraud by deploying a strong return policy with elements such as: date timeframe limits (30/60/90 Days), Proof of purchase/gift receipt required, No receipt returns go back to a Store Value/Credit card, Identification required for returns and/or tracking of returns.

Advanced Tip: Return Fraud potential red flag behavior consists of: Newer/front table(display) items being returned, all different sizes, items being returned that are not in your brand specific shopping bag, Story of "Why" they are returning doesn't match when the merchandise appeared on the sales floor.