Loop Returns

Loop Returns

Return management platform for e-commerce businesses

About

Loop Returns simplifies the return process for e-commerce businesses and their customers. The platform allows brands to manage returns efficiently, which helps them focus on growth and core operations. By partnering with various companies, including fashion, footwear, and jewelry brands, Loop Returns enhances customer satisfaction while positively impacting the businesses' financial performance. The platform has proven effective in reducing refund rates and increasing upsells and exchanges. For example, Aviator Nation reduced their refund rate by 11%, while Studs retained additional revenue on over 20% of their returns. The goal of Loop Returns is to be a valuable partner for e-commerce businesses, improving their return management processes and overall financial health.

Company Stage

Series B

Employees

201-500

Industries

Consulting, Consumer Goods

Total Funding

$122M

Headquarters

Columbus, Ohio

Founded

2017


Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with SEKO Logistics enhances international ecommerce return capabilities.
  • Integration with Salesforce Commerce Cloud expands Loop's market beyond Shopify.
  • Loop's AI-driven analytics can optimize logistics and reduce return costs.

What critics are saying

  • Increased returns fraud poses significant financial risks to e-commerce platforms.
  • Collaboration with ReBound may lead to integration challenges and service disruptions.
  • Expansion to Salesforce Commerce Cloud introduces new competitive pressures.

What makes Loop Returns unique

  • Loop Returns offers seamless integration with Shopify for automated return processing.
  • The platform supports diverse clients, from fashion to jewelry, enhancing its market reach.
  • Loop's collaboration with ReBound provides omnichannel returns management services.

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Growth & Insights
Headcount

6 month growth

-16%

1 year growth

-7%

2 year growth

28%

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