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Holiday returns: What you should know

Holiday returns: What you should know
Wednesday, December 26, 2012 - 5:45pm

If you're hitting the mall or trekking to the post office to return a holiday gift this week, read this first.

The return may seem like it should be a simple task, but with some items - there can be some strings attached, especially among some of the most popular gifts of the season.

Electronics are really tricky because there are restocking fees associated with them. They're popular gifts this time of year. Many retailers will charge you a little portion of the purchase prices, 15 percent, 20 percent, whether you've opened it or not. 

Consumer reports recommends reviewing a retailers' return policy before heading to the mall, and keeping the following in mind. 

-- gift receipts will make your transaction much easier.
-- not all purchases made online can be returned at a brick-and-mortar store.
-- some gift cards can't be returned, or won't amount to a cash refund.
-- outlet items may not be returnable.

If an item comes with a free or bonus gift, that usually has to be returned too.

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