Many Happy Returns for Millennials as Students Demand Free Returns Policies Thursday 19 November 2015 PDF Print With annual shopping spike dates of Black Friday, Cyber Monday and Christmas fast approaching, new research shows the need for retailers to educate consumers on the returns options available to them Marlow – 19th November, 2015 – New research conducted by independent research company, Opinion Matters, reveals that students are by the far the biggest returner of goods with 50% of those surveyed returning anywhere between 11 and 25% of purchases. Moreover, 42% of students stated that they would only purchase from a retailer with a free returns policy and who make it easy to return goods. The research, commissioned by leading SaaS parcel data management platform company NetDespatch, polled over 1200 UK online shoppers to better understand consumer opinion on returning purchased items both online and in-store. The survey was undertaken to understand how consumer habits are governed by ease and convenience of returns and whether the widening of returns methods has resulted in a change in consumer returns behaviour. The research examined male versus female opinion, age demographics and working status. Findings from the research showed that traditional locations for returning items are the most popular with consumers, with 78% of those surveyed stating that they would choose to return items via the Post Office. 43% said that they would wait at home for a courier to collect their parcel and 39% stated that they would use their local convenience store. More modern returns options such as collect from work were surprisingly low with only 8% of those surveyed having used this option, whilst 5.5% chose to use a locker box and a mere 4% of those surveyed used railway stations for returns. When asked what would be their preferred returns option, 12% of respondents chose a click and collect option, i.e. either local convenience store, garage, railway station or locker as their preferred return choice. “The results from the survey clearly highlight the pressing need for retailers to further educate consumers about all the different returns options that are now available to them,” said Matthew Robertson, Commercial Director, NetDespatch. “At NetDespatch we believe that this lack of understanding around returns means that consumers are opting for the more traditional options which are not always the most convenient or practical. In today’s 24/7 world, surely waiting at home for a courier to collect a parcel is time that consumers would prefer spending on more productive tasks.” The study, “Many Happy Returns”, identified the following top UK consumer return habits and drivers associated with returns: ● Frequency of returns in the last 12 months – 31% of women, compared with 25% of men, had returned between 1 and 10% of the goods they had purchased online. ● Ease of returns – 31% of those surveyed stated that they would only purchase from retailers who have a free returns policy in place. ● The top three most popular locations to return goods – 78% stated the Post Office, 43% preferred to wait at home for a courier to collect and 39% suggested that they preferred to return goods to the local convenience store. ● Shoppers are not influenced by returns methods – 81% stated that an increased number of returns methods does not influence their decision to return goods. ● Consumers demand speed and transparency – 53% of respondents said they expect to be refunded within 24-48 hours, whilst 47% expect to be able to track their returns. ● Switched-on millennials – Students are by far the biggest returner of goods with half (50%) returning anywhere between 11 and 25% of purchases. 42% of students said they would only purchase from a retailer with a free returns policy and who make it easy to return goods. ● Consistent returns – Half of those surveyed (50%) stated that they preferred to return their items at a specific time of day. ● Additional purchases – When returning an item in store, nearly half (48%) admitted that they are likely to purchase another item whilst there. ● Overcoming cross-border perceptions – 57% have different returns expectations when purchasing overseas as opposed to the UK. 36% expect it to be more expensive, while 31% expect it to be more complicated and 30% expect it to take longer to return online items. Matthew Robertson concluded: “With the growth of cross-border ecommerce, investing in this area is essential for SMEs and bigger businesses alike. Many consumers are just becoming aware of the opportunities to buy outside the UK. Retailers need to offer broader options to allow these items to safely arrive in the country, and in good time, especially around shopping days such as Black Friday and Cyber Monday and with Christmas fast approaching.” The study was carried out in September 2015 and sampled 1,200 online shoppers. To obtain a copy of the full report, Many Happy Returns, visit http://www.netdespatch.com/news/many-happy-returns-for-mille.... About NetDespatch: NetDespatch is the leading SaaS parcel data management platform for postal and parcel carriers such as Royal Mail, APC Overnight, Yodel, New Zealand Post and Asendia. Recognised as one of the top independent Cloud Computing providers in the UK, the platform currently enables carriers to provide more than 130,000 of their business customers in 114 countries with advanced IT solutions to seamlessly integrate ecommerce websites, sales order processing and warehouse systems at point of despatch. Users can print the correct shipping labels, customs documentation and manifests, and automatically pre-advise their carrier of incoming parcels. For more information visit www.netdespatch.com or follow NetDespatch on Twitter @NetDespatch. Media Contact: Michael Bartley C8 Consulting +44 (0)118 949 7750 email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of C8 Consulting in the following categories: Retail & Fashion, Computing & Telecoms, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.