User:Spncrinc/sandbox/HappyReturnsCompany Draft6

Happy Returns is a Los Angeles-based 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 thousands of third-party Return Bar locations in the U.S. Among these are FedEx, Cost Plus World Market, and Paper Source stores, with specific locations searchable on Happy Returns’ website. Consumers can receive their refunds without packaging their items, printing and affixing labels, or waiting for mailed packages to reach their destinations. Happy Returns introduced its Return Bar service in April 2016. The company facilitates returns for many brands, both brick-and-mortar and direct-to-consumer merchants, including Levi's, Revolve, Rothy%27s, Everlane, Steve Madden, Gymshark E-commerce conglomerate, Amazon, later developed a similar program in conjunction with Kohl’s stores to accommodate its shoppers. Happy Returns aggregates and bulk ships returns inside reusable packaging from its Return Bar locations to warehouse hubs, where returns are sorted, processed, and dispositioned, and then shipped back to merchant warehouses. The company’s software works with many e-commerce platforms and a public app is available in the Shopify App Store.

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. In August 2015, Sobie and Geller obtained private seed funding of $1.9 million from multiple investors including Upfront Ventures, Brilliant Ventures, and Lowercase Capital. Happy Returns opened its first Return Bar location in April 2016. Three years later, the company secured an additional $11 million of funding, led by PayPal Ventures (the fundraising arm of PayPal) together with existing investors, U.S. Venture Partners and Upfront Ventures. Since its founding in 2015, Happy Returns has raised a total of $25 million. In June 2021, Happy Returns was acquired by PayPal to expand its post-purchase product offerings.

Sustainability
By bulk-shipping commingled returns in reusable packaging from Return Bar locations to warehouse hubs, greenhouse gas (GHG) emissions are reduced by an estimated 120,000 lbs for every one million returns, addressing the sustainability goals of many retail customers.