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Rundown: Return fraud on the rise, Nordstrom going private and Big Lots' lifeline
Manage episode 459224580 series 1743309
On this week's Modern Retail Rundown episode, the staff discusses several updates coming off of 2024. First up, a new report from Appriss shows that fraudulent returns totaled $103 billion last year out of a total of $685 billion in retail returns. Nordstrom announced it will go private through a buyout by the Nordstrom family in partnership with Mexican retailer El Puerto de Liverpool. And just days after Big Lots began liquidating its stores, the retailer received a lifeline from investment firm Gordon Brothers Retail Partners to help keep between 200 and 400 of its stores open.
469 episoade
Manage episode 459224580 series 1743309
On this week's Modern Retail Rundown episode, the staff discusses several updates coming off of 2024. First up, a new report from Appriss shows that fraudulent returns totaled $103 billion last year out of a total of $685 billion in retail returns. Nordstrom announced it will go private through a buyout by the Nordstrom family in partnership with Mexican retailer El Puerto de Liverpool. And just days after Big Lots began liquidating its stores, the retailer received a lifeline from investment firm Gordon Brothers Retail Partners to help keep between 200 and 400 of its stores open.
469 episoade
Toate episoadele
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1 How Modern Animal is using technology to make pet care more customer-centric 41:51
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1 Rundown: Joann's second bankruptcy, Walgreens looks for new anti-theft solutions & new FDA health proposals 29:35
1 How THC-infused beverage brand Cann is capitalizing on Dry January 36:54
1 Rundown: J.C. Penney merges with Sparc, Amazon's new retail ad service & Target doubles down on wellness 25:31
1 How Gregorys Coffee is taking the craft coffee business to scale 37:48
1 Rundown: Return fraud on the rise, Nordstrom going private and Big Lots' lifeline 24:52
1 The Modern Retail Podcast looks at what's ahead in 2025 35:01
1 AI, customer acquisition and the DTC bust: The Modern Retail Podcast year in review 29:16
1 Rundown: U.S. retail sales, Big Lots' liquidation & Vuori's new fundraise 27:30
1 How Puma approaches emerging technology like generative AI 32:16
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