Michael Finney answers your consumer questions

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7 On Your Side's Consumer expert Michael Finney answers your questions, every weekday on ABC7 Mornings.

7 On Your Side's Consumer expert Michael Finney answers your questions, every weekday on ABC7 Mornings. Submit your video questions and tune in at 6 a.m.

Question 1:
Guy from Mill Valley asked: I received an unsolicited, secret shopper check in the mail and noticed some of the routing numbers were missing. I called the bank and they said it was fraudulent. Where else should I report this?

Answer:
These things are everywhere and a lot of people fall for it. You can see why it all looks pretty legit. If you want to report the fraud, file a complaint with the Federal Trade Commission and our state attorney general.

Question 2:
Noire from Seattle asked: What's the reason all the big box retailers are going out of business? Is it because of e-commerce?

Answer:
There are a couple of different reasons. The most important is the one you pointed out online shopping.

Another is the move away from malls and back to local downtowns. There are plenty of successful malls, but many are going under.

The third is changing consumer wants and needs. Millennials want less stuff than baby boomers and that is hurting all retailers. Nothing stays the same.

Question 3:
Joe asked: Which company is more successful: Gatorade or Powerade?

Answer:
Gatorade by far. It is the very first sports drink, introduced in 1965. Powerade came 25 years later in 1990.

Gatorade has a 77-percent market share where Powerade has 20-percent.

Here's the background. The idea came from Florida Gators football head coach Ray Graves. He wanted a drink that would replenish his player's bodies after football practice. The actual formula came from the university's college of medicine.

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Related Topics:
automotive7 On Your Sideconsumerconsumer concernsshoppingfoodFDAdrinking watercrowdfundingtaxesSan Francisco
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