This year's holiday shopping season is being called one of the worst in decades. It's most evident with the high rate of holiday gift returns.
Consumer reports estimate one in five people will return a Christmas gift this holiday season. Some local retailers say this year's gift returns are at an all-time high and they expect more throughout the week.
"Well, this is definitely known as the time to expect many returns, so we are definitely prepared for that," said Gabriel Garcia, executive team leader at Target.
Most retailers in our area have extended their gift return deadlines to accommodate customers. But some warn: if you want cash for your gift, come prepared with a receipt.
"Our database is pretty good at looking up under a phone number or credit card or check. As long as we have the original receipt, you can get a full refund. Otherwise, we can give you store credit," said Joe Larra, Circuit City manager.
You should also be aware that cash refunds can be limited based on the way the item was purchased.
"Something to expect, if you are purchasing with a check is that cash will not be returned, just according to our policy and the way that it's processed, for about 10 to 12 days," Garcia said.
It's important to note that return policies vary by store. Some retailers, like Circuit City, vary their policies per item. For example, CDs have different return requirements than laptops or televisions.
More helpful gift return tips: