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July 25, 2008 4:18:37 PM CDT

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'Retail Renting' or Stealing? Stores Crack Down

Posted Feb 22, 08 5:42 PM CST in Business 

(Newser) – It’s called “wardrobing” or “retail renting,” when a consumer buys, uses, and then returns merchandise, and the National Retail Federation says it’s growing more popular with shoppers, the Boston Globe reports. It's also becoming a bigger headache for merchants as the economy tightens and businesses work harder to keep customers. The NRF reports a 10% growth in the practice in 2007.

Portable DVD players, big-screen TVs for the Super Bowl, and pricey jewelry and outfits that are used for a special event and returned are among the more popular items. But stores are combating retail renting with blacklists of serial returners, tougher return policies, and restocking fees that help them recover some of the value an item loses after being returned.

Source Boston Globe

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US economy  • retail sales  • Best Buy  • JCPenney  • shoppers  • wardrobe


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