The Limited Implements Tools to Identify Return Fraud and Abuse
The Limited adds return authorization solutions from The Retail Equation to more than 240 of its locations. The Limited uses the Verify-1 software system to identify return fraud and abuse, a $15.5 billion per year problem in the United States. As part of the Verify-1 service, The Retail Equation is contracted by retailers to gather their return information, store it securely, and analyze the data to develop and follow return policies for those retailers.
"The relationship between The Limited and The Retail Equation has proven to be of significant benefit to our stores' bottom lines," said Tracey French, director of loss prevention for The Limited. "In fact, we've seen a return rate reduction of more than 13 percent,which has translated into significant savings for our company. We are confident that our continued reliance on Verify-1 technology will yield further profitable impacts, and are encouraged to start this new business venture with the protection the program offers."
"The relationship between The Limited and The Retail Equation has proven to be of significant benefit to our stores' bottom lines," said Tracey French, director of loss prevention for The Limited. "In fact, we've seen a return rate reduction of more than 13 percent,which has translated into significant savings for our company. We are confident that our continued reliance on Verify-1 technology will yield further profitable impacts, and are encouraged to start this new business venture with the protection the program offers."