Amazon is instituting a $1 fee on some returns, marking a notable shift from the company's early days when the ethos was grow-at-all-costs.
) has built its e-commerce empire by making shopping affordable and foolproof. You didn't like the pan you bought on Amazon? No worries, you had free returns.
"I think the industry should be kissing the ground Amazon walks on for returning the sector to some semblance of economic sanity," Professor Mark Cohen, director of retail studies at Columbia Business School, told Yahoo Finance. "There's nothing in this life that's free, so returns that are free create a tremendous burden for retailers. They're finally going from a 'laissez faire' view... This sort of move had to be inevitable.
"The whole idea is to change consumer behavior, if only subtly," Spieckerman Retail President Carol Spieckerman told Yahoo Finance. "The fees apply when alternative locations, including Kohl’s or Whole Foods, are closer. Given the policy details, Amazon may not be attempting to offset return costs so much as increase the likelihood that shoppers will make impulse purchases that benefit Amazon and its partner retailers.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber, Amazon use AI to pay people different wages for same work: studyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Wondery, Amazon Music Announce New Brazilian Podcasts During Rio2C (EXCLUSIVE)Wondery, Amazon’s premium podcast studio, announced April 13 at Rio de Janeiro’s Rio2C, Latin America’s largest creativity and innovation event, a slate of upcoming Portuguese-language …
Read more »
Amazon applies for first incentives for HQ2: As much as $152 millionAmazon has requested its first round of economic incentive payments from Virginia, the company and state officials have confirmed, kicking off a process that means it could receive more than $152 million in state money by summer 2026
Read more »
This Repairing Treatment Works ‘Within Days’ to Bring Yellow, Brittle Nails Back to LifeGet rid of that yellow color on your nails 😷 🚫
Read more »
Amazon introduces Bedrock, a cloud service for AI-powered text and image creation | EngadgetAmazon introduces Bedrock, a cloud service for AI-generated text and images
Read more »