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Strong Reported Impact on Sales: In a survey conducted by Tradesy, 71% of respondents reported they were More Likely or Much More Likely to shop with Tradesy as a result of having the option to return in-person via Happy Returns. Cost Savings: By aggregating items before shipping, Happy Returns is typically able to offer its service at a per-item cost below what the retailer would pay to ship items individually; and because refunds are initiated immediately, customer service calls inquiring about refund status are usually significantly reduced. We are excited to extend our partnership with Happy Returns, said Tracy DiNunzio, CEO of Tradesy. We are committed to offering the best-in-class buying and selling experience for the Tradesy community, and our shoppers clearly love having the option to return in person. Happy Returns removes friction from the shopping process and saves us money on each return. Everyone benefits. Positive shopper feedback during the pilot centered on the speed of refunds and the simplicity of returning online purchases in person. Shoppers who return in person with Tradesy receive merchandise credit immediately versus waiting for returns by mail to be received and processed. Returns in person allow shoppers to avoid the need to secure a box, label, and tape, and interact with a carrier to complete the return. Tradesy has been a fantastic partner for Happy Returns and we are thrilled to see the positive response to in-person returns from the Tradesy community, said David Sobie, Co-Founder and CEO of Happy Returns. This is another validation of how online shoppers prefer to return in person and embrace the opportunity to interact with online retailers in the physical world. We looking forward to serving Tradesy and their community for many years to come. About Happy Returns Santa Monica-based Happy Returns provides in-person returns of online purchases through a network of physical Return Bars staffed by
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