Retail

Most consumers expect to return gifts this holiday season

0


Holiday shoppers in North Attleboro, Massachusetts.

Derek Davis | Portland Press Herald | Getty Images

One way for retailers to make sales during the holidays is to expect a good amount of the items will be coming back.

This year, 77% of consumers plan to return some of their gifts and nearly 20% expect to return more than half, according to a survey by Oracle of 15,800 consumers. Experts say the thought process behind purchasing gifts has shifted.

“They have given a retailer their money, but they haven’t given them the promise of keeping it,” said Kit Yarrow, a consumer psychologist, about shoppers. “There’s a whole different mentality around ownership.”

Consumers have become pickier, and…



Source cnbc.com

0 0 votes
Article Rating

Storm bringing heavy snow to parts of Northeast to linger at least another day

Previous article

Past decade ‘almost certain’ to be warmest on record, UN agency says

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail