Revenue increased 11.9% in Q1 of 2015, to $17.26 billion compared with $15.42 billion in the year-ago period.
A survey by Harris Interactive shows that consumers feel a convenient return policy is important to their purchase decision. 95% said they are very likely or somewhat likely to shop with an online merchant again if the return process is convenient.
How important to online retailing is a convenient merchandise-return policy? Very, says a new survey from Harris Interactive, sponsored by reverse logistics provider Newgistics Inc.
In a survey that Harris Interactive conducted three weeks ago, 90% of consumers said a convenient return policy and process are important to their purchase decision. And a full 95% said they are very likely or somewhat likely to shop with an online merchant again if the return process is convenient. 85% said they are not likely to shop with an online merchant if the return policy is inconvenient.
In addition, the survey underscores the importance of customer-friendly returns to online shopping in general. 81% said they take the prospect of making a return into consideration when they choose to shop direct.
The survey showed that 35% of consumers shop online and 39% from a catalog.
Newgistics provides returns processing services, including its SmartLabel product which involves an addressed, postage-paid label that allows customers to drop a returns package into the U.S. Postal Service system and be billed by the retailer for the return postage. The service also provides alerts to retailers and e-mails to customers when the returned products are received at Newgistics’ facilities.