Busy day for returns at stores - New York News

Busy day for returns at stores

Posted: Updated:
NEW YORK (MYFOXNY) -

Retailers are hoping the fifth busiest shopping day of the year -- the day after Christmas -- will help make up for a slow holiday season.

Last year, retailers lost $264 billion in returned merchandise, according to the National Retail Federation. The Better Business Bureau says about one-third of people who received holiday gifts will return at least one of them. But with more returns come stricter return policies.

Some of the items most commonly returned are clothing, toys, watches and jewelry.

Retail analysts say consumers may want to hold off before bringing back those holiday gifts. Stores will be re-stocking in the next few days and prices are likely to drop.

"If you're getting a 30 percent discount or above, you're getting a good deal, but when you see discounts of 70 percent off or 75 percent off that's an indication the store is losing money. It's a good deal for you but not for the retailer," said retail analyst Hitha Prabhakar.

Whether you shop immediately after Christmas or soon after, major discounts are likely to be offered by retailers. Also, buy one, get one free is likely.

No receipt? The return policies vary from store to store.

Experts say it's not required by law to offer returns or exchanges, but companies usually offer them as a customer service.


  • Local NewsLocal NewsMore>>

  • Deadly crash in Lincoln Tunnel

    Deadly crash in Lincoln Tunnel

    Tuesday, September 2 2014 8:15 PM EDT2014-09-03 00:15:54 GMT

    Officials say a New Jersey man has died from injuries he suffered in a chain-reaction crash inside one of the tubes of the Lincoln Tunnel.  Port Authority of New York and New Jersey police spokesman Joe Pentangelo says the 49-year-old Summit resident was among three people hurt in the accident.


    Officials say a New Jersey man has died from injuries he suffered in a chain-reaction crash inside one of the tubes of the Lincoln Tunnel.  Port Authority of New York and New Jersey police spokesman Joe Pentangelo says the 49-year-old Summit resident was among three people hurt in the accident.



  • CEO resigns Conn. company over dog abuse

    CEO resigns Conn. company over dog abuse

    Tuesday, September 2 2014 7:05 PM EDT2014-09-02 23:05:35 GMT
    Sports catering business Centerplate has announced that its chief executive has resigned following widespread criticism over images from an elevator security camera showing he kicked a friend's dog and pulled...
    Sports catering business Centerplate has announced that its chief executive has resigned following widespread criticism over images from an elevator security camera showing he kicked a friend's dog and pulled hard on...
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Tuesday, September 2 2014 6:32 PM EDT2014-09-02 22:32:13 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices