Don’t Waste Your Money: Store return policies change in 2012 - News, Weather, Sports, Toledo, OH

Don’t Waste Your Money: Return policies change in 2012

(WTOL) – Heading back to the mall this week now that crowds are gone? If returning unwanted gifts, there are some big changes in return policies for 2012.

There is good news and bad news for the 2011-2012 return season. The good news is fewer stores will charge a restocking fee. The bad news is many stores are shortening their return period, according to Consumer World.

Have a gift receipt? Then there is no time limit at Kohl's, Nordstrom's, Macy's and Bed Bath & Beyond. Macy's has a very friendly return policy. Even without a receipt, a customer has 180 days to make an exchange. Toys R Us allows 90 days to return an item with a receipt, but just 45 days if it is an electronic item. Walmart also scores well for returns.

Sears is trickier. The time limit for returns varies on the item and department. Dillards is also tricky. Customers only have 30 days after Christmas to return an item.

Year after year Target makes the top of the list for tough return policies. According to Consumer World, Target has dropped its 15 percent restocking fee, but has shortened the return period on electronics from 90 days to 45 days. For all other departments, a customer has 90 days to return the item.

Best Buy also tops the list for complicated return policies. A customer only has two weeks to return computers, digital cameras and camcorders, but 30 days for other items. However, as of December 2011, Best Buy has also dropped its controversial restocking fee.

So remember that numerous stores have pushed up their return deadlines this year. Gather all receipts and packaging and be sure to get there sooner.

Copyright 2012 WTOL. All Rights Reserved.

Powered by Frankly