Remarkable Retail The Ticking Time Bomb of eCommerce Returns
Product returns have always been part of the retail equation--and an often high cost of doing business. But over the years, free and easy returns have become a new basis of competition. As e-commerce typically brings with it return and product exchange rates 3-5 times as high as those in brick & mortar stores, the growing penetration of online shopping can create more speed bumps in the customer experience, increasing costs for retailers and real ecological challenges.
In this episode we dissect what's driving returns, why it matters and what can be done about it. We speak first with Scot Wingo, founder of Channel Advisor and CEO of Get Spiffy, who along with his podcast co-host Jason "Retail Geek" Goldberg, made "Shippageddon" part of the retail zeitgeist. Soon after "Returnageddon" took center stage. Then we bring on David Sobie, co-founder of Happy Returns, a fast growing company that seeks to make the end-to-end returns process beautiful for shoppers, retailers and the planet.
After our interviews we jump into our fun new segment “Remarkable or Forgettable?” where we give our hot takes on a selection of retail headlines, and deem them wow-worthy, best ignored or somewhere in between. This week we talk about Five Below, which apparently didn't get the retail apocalypse memo, and is opening over 170 stores this year, Poshmark's plans to get into the pet resale category, Thrasio and Branded's big capital raise to roll-up Amazon marketplace sellers, Walmart quarterly earnings, Sephora's inclusive incubator program and the strong US retail results for January.
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The Ticking Time-bomb of eCommerce Returns
Scot Wingo is an entrepreneur who successfully started four startups and exited three (so far):
Stingray Software - 1995-1998
-sold to Rogue Wave Software
AuctionRover.com - 1999-2000
- sold to Goto.Com/Overture - now part of Yahoo!
ChannelAdvisor - 2001-present - IPO'd in May of 2013 - NYSE: ECOM
- Leading software/service business for Fortune 2k selling on eBay as a new channel.
Get Spiffy - 2014-present
- On-demand car wash and detailing business currently in Raleigh, Charlotte, Atlanta, Los Angeles and Dallas
Specialties: Internet and related technologies/business model experience. eBay, Yahoo!, Amazon, Overture, Google and of course, washing cars!
David Sobie is CEO & Co-Founder of Happy Returns. Forward-thinking brands like Everlane, Rothy's, and REVOLVE choose Happy Returns. Together, we retain revenue, reduce costs, give shoppers choice, and make their supply chains sustainable—ultimately making returns beautiful for brands, shoppers, and the planet.
Before Happy Returns, David served as the Chief Marketing Officer at REVOLVE, leading all online and offline marketing, branding, acquisition and business development. Previously, he led Marketing and Business Development for HauteLook, a flash sale pioneer acquired by Nordstrom, and held senior roles at eBay Motors and others.
For more information about Happy Returns' returns software and reverse logistics, visit www.happyreturns.com.
Steve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his website. The expanded and revised edition of his bestselling book Remarkable Retail: How To Win & Keep Customers in the Age of Disruption will be released April 13th and is now available for preorder at Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a Forbes senior contributor and on Twitter and LinkedIn. You can also check out his speaker "sizzle" reel here.
Michael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks and The Food Professor with Dr. Sylvain Charlebois. You can learn more about Michael here or on LinkedIn.
About Us
Steve Dennis is a strategic advisor and keynote speaker focused on growth and innovation, who has also been named one of the world's top retail influencers. He is the bestselling authro of two books: Leaders Leap: Transforming Your Company at the Speed of Disruption and Remarkable Retail: How To Win & Keep Customers in the Age of Disruption. Steve regularly shares his insights in his role as a Forbes senior retail contributor and on social media.
Michael LeBlanc is the president and founder of M.E. LeBlanc & Company Inc, a senior retail advisor, keynote speaker and now, media entrepreneur. He has been on the front lines of retail industry change for his entire career.
Michael has delivered keynotes, hosted fire-side discussions and participated worldwide in thought leadership panels, most recently on the main stage in Toronto at Retail Council of Canada’s Retail Marketing conference with leaders from Walmart & Google. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience with Levi's, Black & Decker, Hudson's Bay, CanWest Media, Pandora Jewellery, The Shopping Channel and Retail Council of Canada to his advisory, speaking and media practice.
Michael produces and hosts a network of leading retail trade podcasts, including the award-winning No.1 independent retail industry podcast in America, Remarkable Retail with his partner, Dallas-based best-selling author Steve Dennis; Canada's top retail industry podcast The Voice of Retail and Canada's top food industry and one of the top Canadian-produced management independent podcasts in the country, The Food Professor with Dr. Sylvain Charlebois from Dalhousie University in Halifax.
Rethink Retail has recognized Michael as one of the top global retail experts for the fourth year in a row, Thinkers 360 has named him on of the Top 50 global thought leaders in retail, RTIH has named him a top 100 global though leader in retail technology and Coresight Research has named Michael a Retail AI Influencer. If you are a BBQ fan, you can tune into Michael’s cooking show, Last Request BBQ, on YouTube, Instagram, X and yes, TikTok.
Michael is available for keynote presentations helping retailers, brands and retail industry insiders explaining the current state and future of the retail industry in North America and around the world.