Target Toughens Up Return Policy
The retail giant Target has begun to crack down significantly on returns, as it will soon begin requiring a receipt to return any item over $20, the Minneapolis Star Tribune reported Monday. The limit, which will go into effect in August, was lowered from $100 to $40 just last month, and will cover just about Target’s entire CE inventory.
Executives at the Minneapolis-based chain told the newspaper that the move was made in response to “tens of millions of dollars a year” it loses in fraudulent returns.
Retail chains have differed as of late in their approach to the return-fraud problem. Wal*Mart has recently made it easier to return products, but Costco in March announced that it was putting a time limit on returns.