299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Oct 2, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Returns firm Rebound gets major funding to expand abroad

Published
Oct 2, 2018

The way in which online retail is transforming the overall retail sector can be seen from news that a company that helps major e-tailers deal with their growing number of online returns has just received a seven-figure investment to help it expand internationally.


Returns are increasingly important to fashion e-tailers and specialist Rebound is expanding fast as a result



Rebound is a firm that helps client such as Asos, Quiz and Agent Provocateur handle the goods that shoppers are sending back, linking the retailers with their distribution companies and expecting to earn £20 million out of doing that this year. That would means its revenues would have doubled in just a year.

The Telegraph reported that Rebound has received funding from BGF, although no figure was given. However, it also said that BGF’s investments are usually between £1 million and £10 million and it tends to target an equity stake of between 10% and 20%.

Returns are one of the most important parts of any online retail operation. The need to get goods back to the company quickly and in good condition to make them available for resale, while also keeping the customer happy, is ever more important as sales volumes get bigger and bigger.

The newspaper cited Barclaycard research showing that 10% of people buy the same item of clothing in more than one size when e-shopping so returns are inevitable and their value was estimated to be £7 billion last year.

That offers a huge opportunity to companies like Rebound, which has also opened an office in Hong Kong to allow UK brands to partner with logistics firms to handle their returns in Asia. It’s also thinking about opening a similar office in the US. Its CEO told the Telegraph that it’s “going live with a new retailer at least every two weeks at the moment” and “there's no reason we can't replicate that success in America and Asia.”

Copyright © 2024 FashionNetwork.com All rights reserved.