Inflation is not changing e-commerce return policies

Woman returning item to sales clerk

As rising fuel prices and continued supply chain disruptions have pressured retailers and e-commerce brands, many are looking for ways to offset costs. With returns from online sales jumping to 20.8% in 2021, according to data from the National Retail Federation, more retailers are looking to reverse logistics for that solution.

NRF’s recent report, Consumer Returns in the Retail Industry 2021, said that $761 billion in merchandise was returned in 2021 overall. For every $1 billion in sales,...

https://www.freightwaves.com/news/inflation-is-not-changing-e-commerce-return-policies

Closing the loop: Loop offers e-commerce returns at Happy Returns locations

Woman scans QR code at sales counter

With more than 1,200 brands within its portfolio, and many of those on the Shopify platform, post-purchase firm Loop Returns has been turning returns into exchanges since its 2017 founding. On Wednesday, the company announced it was making the process of returns even easier, partnering with Happy Returns by PayPal to streamline the e-commerce returns process.

Loop customers can now bring their returns to any of more than 5,000 Happy Returns locations, allowing the Happy Returns team to...

https://www.freightwaves.com/news/closing-the-loop-loop-offers-e-commerce-returns-at-happy-returns-locations

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