Many major U.S. retailers, including Amazon, Walmart, and Target, are increasingly offering 'returnless refunds' for low-cost or low-resale items to avoid high shipping and processing costs of returns. This policy allows customers to receive refunds without returning the unwanted items. Companies do not widely publicize these policies to prevent return fraud. Instead, they selectively use algorithms to determine eligible customers based on their purchasing and returning behavior. The rise in online shopping, especially during the COVID-19 pandemic, has increased the cost of processing returns, leading retailers to find solutions like returnless refunds. Some retailers, such as Shein, Temu, and Chewy, have also adopted this policy on a smaller scale. While some are tightening return policies by charging fees or reducing return windows, high-return customers who shop frequently and keep more items than they return are still valued.
News
Featured in
Associated Press
What Retailers Are Worried About for Holiday
Published:
November 4, 2024
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ReturnPro is a leading reverse logistics company that specializes in solving returns. ReturnPro’s connected suite of returns management SaaS, reverse supply chain, and ReCommerce services, under one roof, delivers a true end-to-end solution for returns from initiation through resale. ReturnPro works with retailers, eCommerce brands, and vendors, to deliver the smartest choices for every touch movement and pricing decision, while also preventing items from unnecessarily ending up in landfills.
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