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Sunday, January 10, 2021
Amazon, Walmart Tell Consumers to Skip Returns of Unwanted Items
In some cases, it’s cheaper for the retailers to refund the purchase price and let customers keep or donate the products
Retailers have a new message for consumers looking to return an item: Keep it.
Amazon.com Inc., Walmart Inc. and other companies are using artificial intelligence to decide whether it makes economic sense to process a return. For inexpensive items or large ones that would incur hefty shipping fees, it is often cheaper to refund the purchase price and let customers keep the products.
The relatively new approach, popularized by Amazon and a few other chains, is being adopted more broadly during the Covid-19 pandemic, as a surge in online shopping forces companies to rethink how they handle returns. “We are getting so many inquiries about this that you will see it take off in coming months,” said Amit Sharma, chief executive of Narvar Inc., which processes returns for retailers
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