L.L. Bean announced Friday it has canceled its legendary lifetime return policy due to an increase in fraud and abuse, exacerbated by tales shared on social media.
The 106-year-old outdoor retailer has been as synonymous with generous returns as it is with the state of Maine, its home base. Customers now have just one year to return items, with a receipt.
“A small, but growing number of customers has been interpreting our guarantee well beyond its original intent,” explained L.L.Bean Executive Chairman Shawn Gorman in a Facebook post outlining the change to the century-old policy.
“Some view it as a lifetime product replacement program, expecting refunds for heavily worn products used over many years. Others seek refunds for products that have been purchased through third parties, such as at yard sales,” Gorman wrote in his ‘Letter to our Customers.’
The Twitterverse was swiftly up in arms at the news, with customers lamenting the loss of the generous policy, and some blaming “selfish jerks” and “scam artists” for ruining a “satisfaction guaranteed” policy that set L.L.Bean apart from other retailers.
“Your return policy was the only reason I shopped at #LLBean!” wrote one customer.
Others welcomed the move. The company’s Facebook page quickly filled with customers and former employees recounting incidents where they had witnessed customers returning decades-old, used items with the expectation of a full refund.
Some people questioned the company’s quality, asking “Just wondering if you’re experiencing more returns because your products aren’t made as well as they used to be…”
Ultimately, the cost of the returned goods outweighed profits from the company’s famous duck boot, CEO Steve Smith told The Associated Press. “The numbers are staggering. It’s not sustainable from a business perspective.”
Article Source : https://www.nbcnews.com/business/consumer/no-more-lifetime-returns-l-l-bean-gives-its-legendary-n846301?cid=public-rss_20180210