Some stores make holiday gift returns easier than others

Faith Castro
December 28, 2017

Now that you have all these unwanted gifts, what is there to do?

They added that it might be tougher to return gifts to Best Buy, Apple or other electronic stores.

According to the National Retail Federation, retailers expect almost 13 percent of their holiday sales will result in returns. Do you need to have the gift receipt? Some retailers will give you store credit if you show up with no receipt, but most require proof of purchase to get cash back.

"Some retailers are very generous but others have very limited time that you can return", Rosato said. For holiday purchases, gift items purchased online after November 13 are valid for return through January 7, or within 30 days from the shipping date - whichever comes later.

With receipt or no receipt, no matter what you're returning, shopping strategists suggest to always bring along your photo ID.

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While Walmart's standard return policy allows for full refunds within 90 days of purchase, a number of items typically fall under more stringent rules. But fear not: The deadlines for these items are extended for holiday shoppers. If the item can't be found, you can get a refund for a store credit at the item's current price, minus 20 percent.Costco.

After you take care of the gifts you didn't want, it'll allow for time to enjoy those presents you do like.

If you're not going to get the value from the store, maybe try selling it on eBay or online for a better price. This will give you an idea of how strict they are with the policy. Merchants must exchange or refund money for defective items or those not as represented to consumers, however returns of size and preference still may be refused.

Consumers spent more than $130 billion on gift cards last year, but advisory company CEB Tower Group found roughly $1 billion went unused in the year since they were purchased!

Original packaging is a must for some retailers when it comes to returns. If you don't shop at the store for which you received the card, you can trade the cards for one you'll actually use.

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