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Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. -- Generated by www.podtube.me Video at Youtube: https://www.youtube.com/watch?v=G1q8xPGtV18

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. -- Generated by www.podtube.me Video at Youtube: https://www.youtube.com/watch?v=0agmbn3q1DY

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. -- Generated by www.podtube.me Video at Youtube: https://www.youtube.com/watch?v=w4UMVJzLDCA

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. -- Generated by www.podtube.me Video at Youtube: https://www.youtube.com/watch?v=NWYN27IDFco

It's no secret that retailers are cracking down on returns. In 2023, 81% of U.S. retailers implemented pay-to-return policies in some capacity. Amazon, Macy's, T.J.Maxx, Walmart and Staples all rolled out changes to their established return policies. That may look like shrinking return windows, charging for some returns, or in some cases simply telling shoppers to "keep it" Shoppers racked up more than $5 trillion worth of retail sales in the U.S. last year, according to the National Retail Federation. About 14.5% of those sales were returned. That equates to an enormous value in returned goods: $743 billion in 2023 alone. "Most of the returns that come back cost up to 40% of the original retail price to put that item back on the shelf," said Robert Overstreet, Iowa State assistant professor of supply chain management. "There's no guarantee they can sell it for what they originally asked for it, so they're losing money on both ends." The recent changes are just the latest effort to tamp down on return losses. Many large retailers in the U.S. have long been engaged in the practice of quietly tracking and targeting return behavior. According to a report by The Wall Street Journal, U.S. retailers use third-party loss-prevention services to track risky return behavior. This doesn't outright mean fraudulent activity, but rather behavior that "mimics" or could be linked to such behavior. The most notable third-party loss-prevention service is The Retail Equation, a software provider that tracks return behavior that retailers deem potentially fraudulent. It then assigns a return score to shoppers based on the data provided by retailers, giving the software the ability to override a store's return policy, leaving shoppers with no refund and a printed notice directing them to The Retail Equation's website to explain why their return was blocked. The problem is, many shoppers are unaware this type of tracking is even happening, leaving many feeling blindsided when they get to a return counter and are told they are not getting their money back. Or, even worse, they get banned from the practice of returning products to the store altogether. According to several now-dismissed lawsuits and Better Business Bureau complaints, customers reported they were following a store's return policy and were still issued a warning. Some customers complained the information found on their report given by The Retail Equation was incorrect and that they were left with no way of knowing or remedying the information until after their return was rebuffed. Watch the video above to hear more about how this tracking works and what types of behaviors might get a shopper flagged as a 'problem returner'. Producer: Devan Burris Editor: Tim Hurt Animation: Jason Reginato, Christina Locopo Senior Producer: Jeff Morganteen Additional footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24: https://cnb.cx/4dFP9Wa Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Retailers Like T.J. Maxx And Home Depot Quietly Target 'Problem'

Cargo theft is the criminal act of stealing goods, products or merchandise while they are being transported or in transit from one location to another. This type of theft can occur during any stage of the supply chain, including when the goods are in a warehouse, being loaded onto a truck or while in transit on the road.Cargo theft is a significant issue that affects various industries, including transportation, retail, manufacturing, and healthcare.

The stolen goods can range from electronics, clothing, food and beverages, pharmaceuticals, and more. Thieves can sell these stolen goods on the black market or through illegal online channels, which can result in significant losses for businesses and increased prices for consumers.


In this episode, we take a look at the alarming rise in cargo thefts and how it impacts the marketplace.

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to contact me:

bobbycapucci@protonmail.com


source:

Cargo theft, led by food and beverage, is surging across the U.S. (cnbc.com)

In this episode of the podcast, we catch up with KJ Sloan. KJ is a second year in our Executive MBA Class of 2024, and she currently works as a Senior Field Producer for CNBC. In this conversation, we talk with KJ about her decision to pursue an MBA, the value of an MBA for journalists, how she juggled work, life and school during the Executive MBA program, her advice for prospective students and more. For more insights, tips, and stories about the Darden experience, be sure to check out the Discover Darden Admissions blog and follow us on Instagram @dardenmba.

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CNBC's Pippa Stevens reports on younger investors getting 'bit' by the gold bug. -- Generated by www.podtube.me Video at Youtube: https://www.youtube.com/watch?v=gVy2FG34f3Q

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Jim and Jeff discuss the strength in this consumer staple stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer