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Introducing ReturnBuddy, the ultimate app for forgetful consumers! Stay on top of your returns with personalized notifications that alert you before any return policy expires. With over $46 billion worth of goods returned each holiday season and a staggering $17 billion in electronics yearly, our app helps you track both in-store and online purchases effortlessly. Check in at stores, view nearby locations, and browse return policies all in one place. Plus, enjoy targeted offers and coupons based on your shopping habits to save even more!
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returnbuddy Never forget to return things you’ve bought.
Problem: • Forgetful consumers who over-buy thinking “if I don’t like it, I can always return it” but then forget when the return policy expires • Every store has a different return policy • Solution: • An app that tracks your shopping trips and/or online orders and notifies you before the return policy expires • Market Size: • $46 billion worth of goods are returned during the holiday season alone (Source: ABC News) • $17 billion worth of electronics alone are returned annually (Source: Accenture)
View store locations nearby in one click • Could also show targeted offers and coupons
Business Model • App knows consumers shopping habits – which stores they visit, how often, what types of purchases • Highly targeted offers based on consumer’s shopping habits • e.g., 15% off at Express for 3 days; $5 off of $50 at Macy’s • Potentially even provide analytics for retailers