Happy_Returns_(company)

Happy Returns (company)

Happy Returns (company)

American logistics company


Happy Returns is a software and reverse logistics company that works with online merchants to handle product returns. Purchased items can be returned in person without boxes or labels at third-party locations known as "Return Bars" including Staples Inc., Cost Plus World Market, and Petco stores,[1] with specific locations searchable on Happy Returns’ website. Consumers can receive their refunds without packaging items, printing and affixing labels, or waiting for mailed packages to reach their destination.[2]

Quick Facts Company type, Industry ...

The company facilitates returns for many brands, including Levi's, Revolve, Everlane, Lands' End, Gymshark.[3] Amazon later developed a similar program in conjunction with Kohl’s stores to accommodate its shoppers.[2]

Happy Returns aggregates and ships returns from its return locations to warehouse hubs, where returns are sorted, processed, and dispositioned, and then bulk shipped back to merchant warehouses.[citation needed] Waste is reduced because shoppers do not need to use a new box to ship out returns.[4][5]

History

David Sobie and Mark Geller co-founded Happy Returns in July 2015. The two met at NordstromRack.com/HauteLook, where they created and launched a similar program enabling shoppers to return online purchases to physical stores. Happy Returns opened its first Return Bar location in April 2016.[6]

In June 2021, Happy Returns was acquired by PayPal.[7]

In October 2023, it was announced Happy Returns had been acquired by UPS from PayPal[8] for $455 million.[9]


References

  1. "How e-commerce brands can scale logistics sustainably". Vogue Business. 2021.
  2. "UPS Acquires Happy Returns". The Business of Fashion. 2023-10-25. Retrieved 2023-10-26.
  3. "PayPal's Q3 2023 Earnings Call". PayPal investor relations. 2023-11-01. Retrieved 2023-11-01.

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