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How Do I Have a Better Return Policy as a Retailer? | Retail Today With Bob Phibbs, the Retail Doctor - Flash Briefing

How Do I Have a Better Return Policy as a Retailer? | Retail Today With Bob Phibbs, the Retail Doctor - Flash Briefing

FromRetail Today with Bob Phibbs, The Retail Doctor


How Do I Have a Better Return Policy as a Retailer? | Retail Today With Bob Phibbs, the Retail Doctor - Flash Briefing

FromRetail Today with Bob Phibbs, The Retail Doctor

ratings:
Length:
1 minute
Released:
Mar 4, 2020
Format:
Podcast episode

Description

You know, returns are at an all-time high in online and it doesn't look like they're going away. In fact, online shoppers, I think, can return up to 30, 40, even 50% depending on your category. But what about in your own stores? What's your return policy? If you have one that's archaic and you have it up at the register, and it's like, "No returns without this, this, this, and this," then it's a "Got you!" moment for a shopper.
So, my tip for you today is if you have a liberal return policy, make sure that your crew tells all your shoppers about that, so they can relax and get that same convenience they would get in a brick-and-mortar store that they come to expect in online. But of course, if you been listening to me for a while, you understand that the fitting room for apparel businesses is the key because the person who tries it on is 70% more likely to keep it.
That's your tip for today.
If you love what you heard on Retail Today, connect with Bob by visiting retaildoc.com or send a message to bob@retaildoc.com. Thanks for listening!
Released:
Mar 4, 2020
Format:
Podcast episode

Titles in the series (100)

Retail Today with Bob Phibbs is a daily digest guiding brick-and-mortar retailers to gain better traction, generate more revenue, and stay strong in their market.