During an interview on "Mornings with Maria" retail expert Burt Flickinger explained how the increase of items returned at retail stores combined with inflation could potentially lead to a recession in the near future.
BURT FLICKINGER: It is troubling, Maria, because to your point, you've go to 16.6% this year versus the 10.6, the reference the cost of every return is $33 on a $50 item, the profit out of $50 items, only $1. So the retailers are losing a fortune. So that means higher prices and lower standards of living for consumers. And that with the McDonald's news, today is a harbinger of the recession coming more quickly around the corner.
WATCH THE FULL INTERVIEW HERE: