SOURCE: TrueShip

TrueShip Multi-Carrier Shipping Software

May 23, 2016 18:54 ET

Reducing Returns by Understanding Statistics, Automating Them, Underscored in ReadyReturns White Paper

SCOTTSDALE, AZ--(Marketwired - May 23, 2016) -  ReadyReturns -- the world's only automated online product returns software -- has issued a new white paper underscoring the prevalence of ecommerce returns statistics so that online retailers can better understand what the primary cause of most returns are, and what they can to do protect their bottom line.

With current projections estimating that over 33% of products will be returned this year, retailers are bracing for an influx in returned goods following the holiday shopping rush, which is just around the corner.

As consumers prepare to open their wallets, for what experts are saying will be the most valuable shopping season in internet history, preparedness should be the primary focus for retailers that are seeking to cash in.

But just how valuable will the online shopping rush be this year?

Shoppers are going to drop an estimated $350 billion on holiday goods this season, a sharp increase from last year's spending tally. But returns are also expected to peak at about 30-33% this holiday shopping season, too.

For every dollar being spent, retailers could see one-third going back out the door in the form of returns, processing, shipping and labor.

Consumers have repeatedly made it known that they want an easy, automated way to return products online. Ongoing studies have already revealed that over 80% of consumers view stores that offer lenient returns policies more favorable, and that over 60% of consumers take the time to read a returns policy before they make a buying decision.

TrueShip's new white paper helps retailers prepare for this forthcoming seasonal shopping season by educating them about the most prevalent ecommerce returns statistics currently available.

Making simple changes to your return policy and inventory can go a long way in protecting your bottom line and reducing returns.

"An e-retailer returns policy is a very important cog in the ecommerce wheel and conversion funnel," explained Michael Lazar, Director of Online Marketing at TrueShip. "If you are not engaging users properly and offering a convenient, automated and efficient returns policy, there's a good chance that shoppers will take their business elsewhere during the holiday shopping rush."

Read the full guide at: http://www.trueship.com/articles/protecting-your-bottom-line-10-product-returns-statistics-all-e-retailers-should-know.

New users can start a 30-day trial of ReadyReturns automated online retail returns software by visiting: http://www.trueship.com/products/readyreturns.

About ReadyReturns

#ReturnsHappen -- ReadyReturns is a customer-facing, plug-and-play, self-service online product returns software solution. It integrates into virtually any website without any programming. ReadyReturns lets customers make returns from a website by filling out a simple form and printing the return shipping label. E-retailers set the rules of the returns, including things like return shipping and restocking fees.

Start a 30-day trial of ReadyReturns by visiting: http://www.trueship.com/products/readyreturns

Embedded Video Available: https://www.youtube.com/watch?v=iT61wv8wud8

Contact Information

  • Press Contact
    Michael Lazar
    Director of Online Marketing
    Tel: (877) 818-7447
    Email: support@trueship.com