Source: HARD OCP

The Retail Equation: Stores Use Database To Track And Decline Returns

NBC News is reporting that major retailers are using a database ran by an analysis firm called "The Retail Equation" to track and deny returns. The database uses unknown thresholds to calculate weather or not a shopper is a risk, and subsequently denying them the ability to return a product to a store. Recently, a customer was flagged at a Best Buy attempting to return 3 phone cases he had purchased as gifts, and as informed he was banned from making any returns for 1 year, and was directed to request his report from The Retail Equation. The report only showed the 3 cell phone cases, but when he requested the ban to be lifted, he was declines, and an appeal to Best Buy was referred back to The Retail Equation.

Read full article »
Est. Annual Revenue
$5.0-25M
Est. Employees
25-100
CEO Avatar

CEO

Update CEO

CEO Approval Rating

- -/100

Read more