Holiday Gift Returns Expected To Be Up 10 to 15 Percent This Year
Value of returned gifts could exceed $117 billion.
While some analysts predicted as much as a 4 percent increase in sales during the 2012 holiday season, actual figures show only a 0.7 percent rise. The effects of Hurricane Sandy and consumers fears over the fiscal cliff are to blame, according to some experts. Regardless of whether sales were up a little or a lot, one thing remains true no matter what the economy is like - people will return gifts. A recent Chicago Sun-Times article quoted AlixPartners' Joel Bines who believes that free shipping and free shipping on returns removes a major hurdle to many shoppers' interest in returning or exchanging unwanted or ill-fitting gifts. If you are planning to return a gift this year, there are a few things to keep in mind. Different stores have …
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10:12 pm on Tuesday, January 8, 2013
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