Findings show that over half of consumers are
deterred by strict returns policies, highlighting increased urgency
for retailers to balance cost reduction with customer
centricity
Blue Yonder, the world leader in digital supply chain
transformation, today released the findings of its first European
Consumer Retail Returns Survey, which examines how consumers across
the continent are experiencing and reacting to increasingly
stringent returns policies. Notably, the findings reveal the
importance that most consumers place on returns policies, with 61%
of those surveyed acknowledging that a lenient returns policy
significantly or moderately influences their buying decisions. A
majority of respondents also stated that tighter returns policies
deterred them from making purchases.
“Retailers have long acknowledged that they needed to tackle
returns to reduce costs,” said Tim Robinson, corporate vice
president, Returns, Blue Yonder. “With tighter returns policies
starting to deter consumers from making purchases, the challenge
now for retailers is to strike a balance between protecting their
margins and maintaining a customer-friendly returns
experience."
Tighter Returns Policies Deter Buyers
Of consumers who are aware of stricter returns policies, 52%
state that tighter returns policies are deterring them from making
purchases. When asked about the tighter returns policies, 57% of
survey respondents felt restrictions on returns are either
inconvenient or unfair, with only 27% saying they were fair and
understandable.
Returns Frequency and Common Causes
Over half the survey group (60%) reported making a return only
once or twice a year or less. Other responses included 13% who make
a return every few months, 4% once a month, and 2% every couple of
weeks or more. One fifth (20%) said they have never returned an
item.
In addition, 51% of respondents cite the most common reason for
returns is incorrect sizing. Other reasons cited by respondents
include item damage at 42%, followed by receiving the wrong product
(27%) and changing one's mind or disliking the item (19%).
The Cost of Returns: Who Pays?
The returns process from the retailer’s side is costly, and many
are now telling consumers to keep unwanted items to avoid the
expensive and labor-intensive processes associated with reverse
logistics. Almost half of consumers surveyed (40%) have been given
this direction by a retailer. The top three categories this
occurred in according to respondents were clothing &
accessories (34%), electronics (21%) and home & kitchen
(18%).
Offering a discount or incentive for a future purchase can
persuade customers to keep items they might otherwise return. In
fact, 47% of respondents said they are likely or very likely to
keep a product if given such an offer, highlighting the importance
of this strategy for retailers. When asked how much they would be
willing to pay to return an item, 39% said €1 – €4.59, 11% said
€4.60 - €9.15, 6% said €9.16 - €13.74, 4% said €13.75 - €18.30,
while 27% said they would not return an item if there was a
fee.
Third-Party Returns
With convenience and cost a greater consideration than ever,
consumers are showing clear interest in third-party returns
services (such as a drop-off location, mailing service, etc.). When
asked what factors would make them use a third-party returns
service, 40% of consumers said lower or no shipping fees, 35% cited
the convenience of drop-off locations, 31% said faster refund
processing, 31% cited assurance of hassle-free returns, and 29%
said reliable tracking and confirmation of returned items.
“Where the goal is to mitigate the cost of returns, retailers
should be looking for ways to do more than tightening their
policies to reduce returns rates,” said Robinson. “Gathering data
and automating intelligent decision-making for every return will
bring costs down through more efficient transportation and reduced
waste without impacting the customer experience. That data is also
incredibly valuable to reduce returns rates, helping retailers to
see the patterns of which items are returned, by which customer
segments and why, and to act accordingly.”
Sustainability Plays a Factor in Returns
A majority of consumers are dedicated to sustainable returns
habits, with 53% saying they are very or somewhat concerned about
the environmental impact of returning items. When asked what action
they would take if they knew their returned item would go to a
landfill, 25% said they would seek an alternative, eco-friendly
disposal method, 34% would attempt to resell the item, and 24%
would continue with the returns process as planned.
Additional Resources:
- To learn more about how Blue Yonder makes the first and last
mile more seamless, visit blueyonder.com
- Check out the infographic on key survey findings
- Learn more about Blue Yonder Returns Management
Research Methodology
The Blue Yonder Consumer Retail Returns Survey was fielded by a
third-party provider on 13-16 August 2024. Blue Yonder surveyed
3,000+ European consumers to gather insights on how returns
restrictions are impacting shopping behaviors. Responses were
collected from consumers who confirmed they were aware of
increasingly tightened returns policies.
About Blue Yonder
Blue Yonder is the world leader in digital supply chain
transformation. Retailers, manufacturers and logistics service
providers worldwide rely on Blue Yonder to optimize and accelerate
their supply chain from planning through fulfillment, delivery, and
returns. Blue Yonder’s AI-driven supply chain platform and
multi-enterprise, multi-tier network enable more accurate
forecasting and dynamic management of capacity, inventory and
transport. Blue Yonder helps businesses navigate modern supply
chain complexity and volatility with more resilient, sustainable
supply chains to delight customers, scale profitably, and run
flawlessly. www.blueyonder.com
“Blue Yonder” is a trademark or registered trademark of Blue
Yonder Group, Inc. Any trade, product or service name referenced in
this document using the name “Blue Yonder” is a trademark and/or
property of Blue Yonder Group, Inc. All other company and product
names may be trademarks, registered trademarks or service marks of
the companies with which they are associated.
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