THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Omnichannel Futures Conference 2020
Online Conversion Summit 2020
Future of Retail Marketing 2020
The HR Summit 2020
AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Insight: new research shows a drop in free returns

New research has found that there has been a significant drop in the number of UK and European retailers offering customers free returns. The report by… View Article

GENERAL MERCHANDISE

Insight: new research shows a drop in free returns

New research has found that there has been a significant drop in the number of UK and European retailers offering customers free returns.

The report by cross-border and UK returns specialist Rebound measured the return policies of over 200 retailers using seven key metrics covering interactions with shoppers. These measured various aspects of returns – from choice of returns options and timescales for refunds, to policy reminders and free returns.

The study found the number of retailers offering free returns in at least one international market has dropped from from 55% in Q1 to just 28% in the latest poll.

Part of a series of benchmarks entitled ‘The Great Returns Race’ , it also reveals that only 6% of retailers are promoting their returns policy at all three key stages of purchase – product page, basket page and checkout page. 

Charlotte Monk-Chipman, head of marketing at Rebound, said: “This is one of the most insightful benchmarks that we’ve done to-date. We use the research as a way of stepping into the shoes of shoppers from all over the world to see how this first interaction with a return policy affects their return experience.”

One of the more noticeable trends to emerge was the large drop in free returns being offered in the UK, US, Ireland and Germany. Rebound said this fluctuation is likely to have been influenced by the challenging political and economic landscape, with some brands likely to only have temporarily removed them as a benefit for customers.

The benchmark also shows a 5% increase in brands offering customers different returns periods to account for varying transit times, and a 3% improvement in website accessibility, which considers the number of ‘moves’ it takes for a customer to access returns policies online.
 
Monk-Chipman added: “If brand loyalty is the dream, then an awesome customer returns experience can absolutely influence repeat purchase decisions. But many of the top brands are still missing a trick here. The return journey begins online, long before you buy something and try it on. That’s what our research is all about – transforming the way the ecommerce industry thinks about returns and getting retailers to re-examine their own focus on customer.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2020
AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY