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>>

  • Maryland casino to interview workers from closing Atlantic City casinos

    Md. casino eyes workers from closing Atlantic City casinos

    Friday, July 25 2014 4:32 PM EDT2014-07-25 20:32:23 GMT
    AP photoAP photo
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
  • Lyft to start New York City service after deal with officials

    Lyft to start New York City service

    Friday, July 25 2014 4:06 PM EDT2014-07-25 20:06:49 GMT
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.

  • Another company to give family free cruise

    Family of 5-year-old with cancer upset with cruise line

    Family of 5-year-old with cancer upset with cruise line

    Friday, July 25 2014 3:44 PM EDT2014-07-25 19:44:05 GMT
    A Long Island family is upset that a cruise line won't accommodate them after their 5-year-old son had to have emergency surgery for cancer. Nicolas Colucci and the rest of his family was supposed to go on a cruise on the Norwegian Breakaway.
    A Long Island family is upset that a cruise line won't accommodate them after their 5-year-old son had to have emergency surgery for cancer. Nicolas Colucci and the rest of his family was supposed to go on a cruise on the Norwegian Breakaway.
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 | Terms of Service | Ad Choices