With the holiday season in full swing, it’s inevitable that shoppers will receive gifts that they won’t completely love. Whether they don’t fit right, they don’t like the color, or they simply don’t have a use for it, many people will be returning gifts this year. But before you drop off that item at the return counter, you should know the fate of your returned gifts.
With the rise of discount shopping and next-day delivery, retailers have become pickier when it comes to the items they accept for return. In a lot of cases, returned items are sent off to liquidation warehouses, where they’re auctioned off to the highest bidder. While that may seem like a simple solution for retailers, it can create problems for shoppers.
When an item is auctioned off at a liquidation warehouse, it can be resold at a much lower price than what the original retailer charged. This means that even if you were to successfully return an item, someone else could buy it for much cheaper. Additionally, when you return an item to a retailer, the store doesn’t always offer a complete refund. In some cases, you only receive part of the cost of the item, or even store credit.
So how can you avoid having your returned gift end up in some warehouse auction? It’s important to make sure you know the return policy of the retailer you’re buying from. Many companies will only allow refunds or store credit for items that are returned within a certain time frame. Additionally, many stores will only accept returns that have not been opened or used. Knowing the return policy before you make a purchase can help you avoid unwanted surprises.
Ultimately, the fate of a returned gift can be tricky to determine. While you may think that you’re returning an item to a store, the reality is that it could end up at a warehouse auction. Knowing the return policy, examining the item before you buy it, and being aware of the potential risks can help you get the most out of your returns this holiday season.