Nearly 40% of American consumers return online purchases at least once a month

Nearly 40% of American consumers return online purchases at least once a month


It is learned that according to foreign media reports, Narvar's 2024 Return Status Report shows that 39% of American online consumers return products every month.


It is understood that the report surveyed 1,924 American consumers aged 18 to 75. Overall, 46% of American consumers shop online weekly or more frequently, and 87% of consumers do at least half of their shopping online. As e-commerce continues to dominate consumer shopping behavior, the return rate continues to rise. Data shows that 39% of consumers return online shopping items at least once a month. In 2023 alone, the value of returned goods in the United States reached a staggering $744 billion.


The report points out that in addition to the increase in return volume, return fraud is also becoming more serious. 57% of consumers said they have experienced return fraud at least once. This year, return fraud incidents have risen by 16 percentage points to 52%, making it a critical issue that retailers need to address as soon as possible.


Although returns are often seen as a cost burden, by improving the return experience, retailers can effectively increase customer satisfaction and thus drive repeat purchases. Narvar data shows that if the process is quick and convenient, 60% of consumers are willing to accept an exchange or store credit return instead of a full refund. In addition, young consumers aged 18-29 are more likely to prefer an immediate refund or exchange, while older consumers prioritize convenient and low-cost return methods.


Amit Sharma, CEO of Narvar, said: "The returns process is often overlooked, but it has great potential to increase customer loyalty and lifetime value. The report shows that retailers who invest in optimizing the returns experience can turn a traditionally costly and cumbersome process into a significant growth opportunity.


Author ✎ Rayna/

Statement: This article is copyrighted and may not be reproduced without permission. If you need authorization, please contact: happy


<<:  Mobile commerce in the U.S. is worth $280 billion and is expected to account for 53% of online sales during the holiday season!

>>:  Back-to-school shopping season extends, consumer shopping habits change

Recommend

Walmart launches gas discounts for Walmart+ members to attract more members

It is learned that on April 27, Walmart announced ...

Amazon's backend interface has been revamped! Sellers are complaining

text Recently, Amazon quietly launched a new vers...

Why are Amazon reviews always deleted?

Why are the reviews of stores that have passed Ama...

What is Amazon Day? Amazon Day Review

Amazon has launched its latest delivery service, A...

What is CSA certification? CSA certification evaluation

CSA is the abbreviation of Canadian Standards Asso...

What is the Matson Clipper? Matson Clipper Review

Matson Navigation Company, Inc. (hereinafter refer...

What is Veem? Veem Review

Veem is a blockchain-based B2B cross-border paymen...

What is Fancy? Fancy Review

Fancy mainly sells creative products in various ni...

What is Top Reviewer? Top Reviewer Review

Top Reviewers are reviewers with extremely high cr...

Breaking news! The new US policy will affect all Amazon sellers!

Although we actively seek cooperation and win-win ...