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Stockreport

As holiday returns surge, this company is using AI to spot fakes [CBS News]

Ulta Beauty, Inc. (ULTA)  More Company Research Source: CBS News
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
A new survey conducted by the National Retail Federation and UPS-owned logistics company Happy Returns reveals shoppers admit to ordering multiple items only intending to keep some (36%), wearing or damaging items before returning (27%), or even swapping out items with cheap knock-offs (20%). It's estimated nearly one in every 10 retail items returned for a refund in the U.S. is fraudulent, said Happy Returns CEO David Sobie, amounting to a costly problem for retailers that ultimately impacts consumers. "Fraudulent returns by a few bad actors actually impact all of us as shoppers," Sobie said. "It might mean that the merchant has a less forgiving return policy, might mean that they are implementing fees." In fact, a growing number of retailers are tacking on fees for returning items by mail, while others are charging restocking fees. One simple way to avoid most of these fees: Return the item in-store or to a designated location. Companies like Happy Returns accept box-free [Read more]
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Stockreport

As holiday returns surge, this company is using AI to spot fakes [CBS News]

Ulta Beauty, Inc.  (ULTA) 
More Company Research Source: CBS News
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
A new survey conducted by the National Retail Federation and UPS-owned logistics company Happy Returns reveals shoppers admit to ordering multiple items only intending to keep some (36%), wearing or damaging items before returning (27%), or even swapping out items with cheap knock-offs (20%). It's estimated nearly one in every 10 retail items returned for a refund in the U.S. is fraudulent, said Happy Returns CEO David Sobie, amounting to a costly problem for retailers that ultimately impacts consumers. "Fraudulent returns by a few bad actors actually impact all of us as shoppers," Sobie said. "It might mean that the merchant has a less forgiving return policy, might mean that they are implementing fees." In fact, a growing number of retailers are tacking on fees for returning items by mail, while others are charging restocking fees. One simple way to avoid most of these fees: Return the item in-store or to a designated location. Companies like Happy Returns accept box-free [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ULTA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS