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Retailers May Adopt Stricter Return Policies

Retailers May Adopt Stricter Return Policies
NBC 7

Many of the biggest retailers have extended return windows into January. Most items can be returned until January 31 to Amazon and Walmart; Target shoppers have up to 90 days to get a refund.

While many stores have extended return policies, the NRF says you may want to double-check.

“Many retailers have also begun to change their return policies to account for an increase in return fraud.” reads the NRF’s 2022 Holiday Outlook.

It’s a costly problem. The NRF estimates for every $1 billion in sales, retailers incur nearly $170 million worth of costs for returns.

The new report from goTRG, an industry data analytics group, looks at exactly how the policies are changing.

Official source