2024 Return Policy Survey: SOME RETAILERS TIGHTEN RETURNS
Though some are shorter this year, most stores continue to offer extended holiday return periods whereby gifts purchased as early as October first, such as in Walmart's case, can be returned until mid- to late-January, considerably beyond the normal deadline. What hasn't changed is the complexity of stores' return policies that are designed in part to reduce return fraud which amounts to over $100 billion a year according to the National Retail Federation. The combined policies of the 11 chains surveyed amount to over 35,000 words and 78 pages of fine print. Amazon's return policy alone is 6,300 words and scattered over multiple webpages.
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Noteworthy changes and novel return policies for 2024 include:
"Many major retailers continue to recognize the value of an easy return policy and therefore give customers more time to make returns, and don't charge for return shipping. At the same time, others are taking steps to combat return fraud by restricting certain returns, or imposing shipping fees to discourage online returns and offset return processing costs," said Edgar Dworsky, Founder of Consumer World®, a leading consumer education website.
Summarized below are some chains with generous regular or holiday return deadlines and their return fees, if any, for online purchases:
Amazon.com | January 31 for most items shipped Nov. 1 thru Dec.31. Some returns have restocking fees. Most items have at least one free return option. Amazon Haul: 15-day return window only. |
Best Buy | January 14 for most purchases made between November 1 - December 31. Loyalty members generally get more time. Some restocking fees. Free returns with their shipping label. |
Costco | No deadline, but 90 days for: TVs, computers, cameras, smart watches, MP3 players, cell phones, monitors, major appliances, etc. Free returns for Costco.com purchases. |
Home Depot | 90-day deadline most items. Others 2-30 days. Free returns. |
Kohl's | 90-day deadline w/o Kohl's card; 120 days with. Premium electronics, watches, Sephora bought after Nov. 1 returnable until Jan. 31. No free return shipping. |
Macy's stores | 90-day deadline for most returns. Holiday return deadline of January 31 for most items purchased October 7 or later, but many exceptions apply. Apple products and tech accessories bought 12/2-12/24 returnable 'til Jan 7. Free mail returns for orders made by Star Rewards members only, otherwise $9.99. |
Marshalls | January 25 for purchases October 6 - December 24. These retailers post clear in-store signs about their extended holiday return policy every year - a rarity among retailers. $11.99 fee deducted for postage/handling for mailed returns. |
Staples | No deadline for office supplies. January 11 for electronics, and furniture bought since November 17. Free online returns. |
TJ Maxx | January 25 for purchases October 6 - December 24. These retailers post clear in-store signs about their extended holiday return policy every year - a rarity among retailers. $11.99 fee deducted for postage/handling for mailed returns. |
Target | 90 days most items. 30 days for electronics and entertainment items, 14 days for most Apple items and cell phones. Days begin 12/26 for these non-90-day items bought since 11/7. RedCard holders get 30 extra days. Free mail returns. |
Walmart stores | 90 days most items. Major appliances: 2 days. For the following purchases made from October 1 onward, 30 days (most electronics), and 14 days for cell phones and luxury products, but count days starting December 26. Free mail returns for online purchases. |
Return policy law varies state to state. Generally, a store can set up any return policy it wants, whether it is "all sales final", "merchandise credit only", or "all returns in 30 days." Many states require the policy to be clearly disclosed to the buyer prior to purchase, usually by means of a conspicuous sign. Some states do not consider a disclosure that only appears on the sales receipt to meet this requirement. It is not unreasonable, however, to require customers to provide a sales slip or gift receipt to establish where and when the item was purchased, and at what price. Those with a gift receipt will generally only receive an even exchange or store credit, but not cash.
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TIPS FOR HASSLE-FREE RETURNS
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Posted: December 18, 2024
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