Statistics about Product Returns Management
- 20% = The minimum amount of e-commerce products returned
- 8.9% = The average amount of products returns to retail stores (brick and mortar)
- 20% to 65% = The average cost of processing returns from the cost of goods sold
- 49% of retailers offer free product return shipping
- 92% of consumers will buy something again if returns are easy
- 79% of consumers want free product return shipping
- 67% consumers will check the returns page before purchasing
- 47% of consumers want an easy-to-print return label
- 27% of consumers would purchase an item over $1000 if the returns were free
- 33% of consumers expect a prepaid return shipping label with their order
- 50% of online shoppers are dissatisfied with past returns processes
- 2 Weeks is the amount of time it takes for consumers to receive credit for a return
- Consumers return products mostly for these reasons:
- Products not matching their online descriptions
- Wrong items shipped out
- Items damaged in transit
- Problems with fit and/or product quality
- Gift items that are returned
- The customer changed their mind and no longer wants the product
*This information has been compiled from many sources both internal and external of The Returns Lab