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Returning a gift? It may cost you, as major retailers charge restocking fees

WRTV spoke with an expert who shares advice on how to avoid the holiday return costs.
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HAMILTON COUNTY — While the holiday season is a time for giving, sometimes those gifts just don't make the cut, leading to post-holiday returns. However, at many major retailers, those returns will now cost consumers.

For example, Best Buy's return policy charges 15% of the retail price upon return for certain items like digital cameras, camcorders and specialty scooters.

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Returning a gift? It may cost you, as major retailers charge restocking fees

For shoppers, return fees can quickly add up.

"I'm not a fan. I did have to pay that for an item. Mine was only $5, so not that big of a deal," holiday shopper Wendy Pemberton told WRTV. "[It was] worth it to get what I wanted, but in general not a fan."

John Talbott, a professor of marketing at Indiana University, told WRTV there are other ways to get around any in-person restocking or return fees.

"Usually, it's joining a loyalty program or picking up a credit card or something like that. And if that's something that doesn't seem too onerous, then that's a way that you might be able to avoid the fees as well," Talbott said.

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Ultimately, Talbott said the best thing shoppers can do is be aware of stores' individual return policies to avoid being blindsided at the return counter this holiday season.