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In this article in Retail Insight Network, Rob Gatto tackles how consumers are spending their disposable income, and what this means for retailers of all sizes.

In this article in Retail Insight Network, Rob Gatto tackles how consumers are spending their disposable income, and what this means for retailers of all sizes.

In this article in Retail Insight Network, Rob Gatto tackles how consumers are spending their disposable income, and what this means for retailers of all sizes.

A recent report analyzed consumer return habits and found that 69% of consumers are deterred from buying items due to tightened return regulations. This highlights that retailers looking to reduce shipment costs need effective returns management processes. Read more findings: https://hubs.la/Q02StmkC0

Growth in Online Retail will Slow in Wealthy Markets Post-pandemic, online retail growth has surged, but it is expected to slow down in wealthier regions, with online sales growth shifting to single-digit figures in the United States and Western Europe. However, regions like Asia, the Middle East, Africa, and South America present growth opportunities for online retail. Regulatory challenges, market consolidation, and profitability pressures are significant in affluent markets. High interest rates globally will deter new investments, leading to a more stringent demand for returns from existing investors. Read more on https://lnkd.in/g3CCKbJV

Over half of worldwide consumers have changed their spending habits over the last year. They are becoming more price-conscious and demanding more payment choices. Find out how these demands change how businesses approach consumers in the article below! Find the link in the first comment. #customerexperience #consumerdemands #retail #paymentsecurity

📦𝗪𝗮𝘆𝘀 𝘁𝗼 𝘁𝗮𝗰𝗸𝗹𝗲 𝘆𝗼𝘂𝗿 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗿𝗮𝘁𝗲↩️📉 Returns are a vital part of online retail. In Europe, the average return rate hovers between 30 and 40%. While offering returns can attract more customers, too many returns can seriously dent your profits. But cutting out returns completely is not a solution either. Returns can happen when customers cannot make accurate purchasing decisions or are not encouraged to do so. 🤔 The good news is there are straightforward strategies and tools to help reduce return rates. In our blog, we have some practical tips on what you can do when struggling with returns. You will find some of them in the slideshow below. If you like to read the full article, visit our blog: https://lnkd.in/e34UwM_8 #msdirect #returnsmanagement #ecommerce #businesstipps #onlineshopping

Retail Returns 🛍 What do customers hate and how do you tackle the problem? 5 things customers hate about retail returns: 📦 The whole process of returns 📦 Mistakes such as being sent the wrong order, or poor quality 📦 Return fees 📦 The introduction of return fees after a previous 'free returns' policy 📦 Member exclusive free returns In Sara Jurmain Richter's Future of Commerce article she reveals more returns stats and 6 things customers want from retailers to help them avoid returns. Learn more: https://lnkd.in/e9Nxt36v #Retail #Ecommerce #Returns

According to a recent survey, commissioned by Forter, among the factors that persuade online shoppers to buy from a certain brand are free shipping (63%), affordable goods (61%), frequent sales (36%), free and straightforward returns (34%) and loyalty incentives (33%). Dive into more of the findings via Retail Dive.

To cope with rising return rates and shrinking costs, many retailers have opted to start charging for returns. Introducing returns charges is a temporary solution that addresses the symptoms of high returns costs without fixing the root cause. Most retailers are still stuck treating every return the same way, with partially digitized systems and unsophisticated processing. Learn how to stop leaving value on the table in this blog post by [@]Bob Griffiths: https://bit.ly/3yfJqpW #Retail #Returns #ReturnsManagement