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H&M starts charging shoppers £1.99 for online returns
H&M starts charging shoppers £1.99 for online returns
High street fashion retailer H&M has joined other companies in charging shoppers who return items purchased online. Customers must now pay £1.99 to return parcels either in store or online, with the cost of the return being deducted from their refund. Rival high street stores including Zara, Boohoo, Uniqlo and Next already charge for online returns, with retail experts predicting that even more are likely to follow suit. During the pandemic, when online shopping inevitably soared in popularity, customers became increasingly more reliant on returning items when they did not fit. However, this also led to a rise in people buying items in bulk and returning almost all those items, some of them worn. While most online and high street retailers do not formally announce the move to charge for returns, many have introduced the change under the radar, with H&M implementing the return fee this summer. Business analysts have told the BBC that other retailers are likely to do the same. "It’s interesting that companies seem to be doing it by stealth, but it’s a sensible thing to be doing," retail expert Jonathan De Mello told the outlet. "It makes economic sense, as it discourages shoppers from bulk buying online products and then returning the majority of them. That’s been a real problem for companies." While H&M shoppers might be disappointed in the extra returns fee, added De Mello, most might understand why a company would need to make this decision, especially when it comes to the environment. Many shoppers are increasingly aware of the environmental impact of deliveries and returns, from courier vans to wasted packaging. Retail expert and analyst Natalie Berg wrote on Twitter/X that retailers have “created a monster” with free returns. “​​H&M charging for returns. Retailers have created a monster with free returns. It makes financial and environmental sense to put an end to this ‘buy to try’ mentality.” But Berg pointed out that customers who have signed up to H&M membership would be exempt from the extra fee for returning items. “This is actually a really delicate way to tier your customers,” Berg said of the membership scheme. “Slowly climb down from costly promises by limiting those benefits to loyalty members. Retailers have become too generous over the past decade. Save that generosity for your most valuable customers.” Read More Inside London’s first Vogue World: Thong leotards and Anna Wintour’s VIP assembly line Voguewashing London Fashion Week won’t pay the wages of Britain’s young fashion designers Bridesmaid who “didn’t love” her dress spends 35 years wearing it around the world Meghan Markle praised for mixing high-fashion with affordable pieces Vogue World wowed but won’t pay the wages of young fashion designers Ukrainian designers prove beauty can come from darkness at London Fashion Week
2023-09-19 22:54
BYD Rolled Off Its 5 Millionth New Energy Vehicle
BYD Rolled Off Its 5 Millionth New Energy Vehicle
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2023-08-10 00:45
In the Market: Why US regional banks are doomed to a doom loop
In the Market: Why US regional banks are doomed to a doom loop
By Paritosh Bansal Banking regulators have been pushed by market volatility in recent weeks into doing things that
2023-05-15 13:20
Valentino Chairman Gives Gloomy Outlook for Luxury Sector
Valentino Chairman Gives Gloomy Outlook for Luxury Sector
The luxury industry’s troubles are mounting, with US department stores struggling and China failing to live up to
2023-09-25 23:54
Level up your creator business with Squarespace Courses
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Thanks to the digital economy, it’s never been easier for educators, subject matter experts, and
2023-08-28 22:58
Israel, Hamas Prepare for More Hostage Releases as Truce Holds
Israel, Hamas Prepare for More Hostage Releases as Truce Holds
Israel and Hamas prepared for a third day of hostage releases from Gaza, after a last-minute dispute on
2023-11-26 16:50
Typhoon Doksuri leaves at least 2 dead and displaces thousands in the northern Philippines
Typhoon Doksuri leaves at least 2 dead and displaces thousands in the northern Philippines
Typhoon Doksuri has blown ashore in a cluster of islands and lashed northern Philippine provinces with ferocious wind and rain, leaving at least two villagers dead and displacing nearly 16,000 villagers as it blows tin roofs off rural houses, floods low-lying villages and knocks out power
2023-07-26 19:22
Israel’s Netanyahu Leaves Hospital After Pacemaker Inserted
Israel’s Netanyahu Leaves Hospital After Pacemaker Inserted
Israel’s Prime Minister Benjamin Netanyahu left hospital on Monday morning after having a cardiac pacemaker inserted the day
2023-07-24 14:21
Satellite Shelters Philadelphia Branch Grand Opening
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2023-10-14 05:17
'Barbenheimer' is stimulating the economy
'Barbenheimer' is stimulating the economy
"Barbie" and "Oppenheimer" have been such blockbuster movies that their impact appears to be showing up in economic statistics.
2023-07-28 01:17
U.S. home prices to fall less than expected despite high borrowing costs: Reuters poll
U.S. home prices to fall less than expected despite high borrowing costs: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU U.S. home prices will decline less than previously expected this year
2023-05-31 18:23
Semtech Appointed to Mobile Optical Pluggables Alliance Board of Directors
Semtech Appointed to Mobile Optical Pluggables Alliance Board of Directors
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2023-10-02 21:20