Retailers Expecting Post-Super Bowl TV Returns
Football fans have created quite the loophole in how they plan to watch the big game on Sunday. Due to many lenient return policies, consumers can “purchase” a state-of-the-art TV, impress partygoers, and then return the TV on Monday morning for a full refund before it ever appears on a credit card statement.
This particular type of retail fraud is considered “wardrobing” – the practice of returning non-defective merchandise, despite its use.
"It's funny how it's taken over. It's showing off, it's putting a big old TV up on your wall for your Super Bowl party whether you can afford it or not," Sean Cleland, vice president of mobile for liquidation company B-Stock, told CBS.