LITTLE ROCK – Returning or exchanging gifts received during the holidays can be stressful and difficult if consumers do not educate themselves on company return policies before making purchases.
“An unknown and complicated return policy can spoil some of the holiday fun and hurt your pocketbook,” said Arkansas Attorney General Leslie Rutledge. “Arkansans should learn return policies prior to attempting returns. Some retailers generously allow shoppers to make returns for any reason, which can lead consumers to wrongly believe they are entitled, by law, to a full refund or credit, but that is not always the case.”
Attorney General Rutledge released the following tips for gift recipients needing to make a return or exchange this holiday season:
· Ask the merchant about the store’s return or exchange policy.
· Keep all gift and purchase receipts.
· If considering returning, do not open the box or remove the tags.
· Some online retailers allow purchases to be returned in-store, while others require the item to be shipped back. Check with the merchant ahead of time.
As a gesture of goodwill, most companies offer in-store exchanges if the customer has the receipt and the item is promptly returned. However, others have an “all sales are final” policy for deeply discounted or clearance items and do not allow returns or exchanges. Return policies not only differ from store to store but can also differ for items purchased in-store and items bought online or by mail order.
Some retailers that allow returns may charge restocking fees for certain products. Consumers can sometimes pay a fee of 10 to 25 percent of the price of the item if the package is not in the condition in which it was purchased. Meanwhile, items like computer software, CDs, DVDs and Blu-Ray discs are not generally returnable after the seal has been broken.
Retailers are not required to accept at-will returns, and even in the case of a defective product, consumers may be required to contact the manufacturer. Sometimes retailers will require consumers to deal with the product manufacturer directly, rather than simply returning the item to the place of purchase.
The National Retail Federation estimates holiday spending to increase at least 4.3 percent to $720.89 billion this year.
For more information about other common scams and consumer-related issues, please call the Arkansas Attorney General’s office at (800) 482-8982 or visit ArkansasAG.gov orfacebook.com/AGLeslieRutledge.