Return velocity is a term that takes very minimal data a shoots out a number to help a retailer quantify their returns. Basically, it takes an individual customer’s account and determines how much they return based solely on the amount they purchase and the amount they return. There are no other variables like an attached Alpha Shark Tag, or buying multiple sizes in a specific item to see which one would fit best.
For a retailer to primarily rely on return velocity as a basis to accept or deny a return/ refund puts that retailer at risk for offending one of their best, and most legitimate customers.
More research is showing that a greater majority of loyal customers have a higher return velocity. This is due in part to the level of comfort a customer has in spending their money with a particular retailer.
If they know they can take the time to find exactly what they want, they will come back. Sometimes customers want to try on items in their own home. Maybe they need to compare clothing styles and colors to items already in their wardrobe.
Having a product like the Alpha Shark Tag gives a better look at a customer who is returning multiple items legitimately, and ones who are wardrobing their purchased items and have no intention of keeping them after they have worn them.
Visit the Loss Prevention Store for more information on or to purchaseWardrobing, Wardrobing Tags, Wardrobing Retail, Alpha Shark Tags,Checkpoint Tags, a Clothing Alarm, Clothing Security or Clothing SecurityTags to put Security Tags on Clothes and an Electronic Article Surveillanceor EAS system.
For more information on Wardrobing tags, Alpha Shark Tags, Wardrobing, orWardrobing Retail contact us or call 1.866.914.2567