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Stock impact report

Planning to return unwanted Christmas gifts? You may be charged fees. [CBS News]

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: CBS News
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition. Macy's now charges $9.99 for mail-in returns, while TJ Maxx and Marshalls each charge $11.99. J. Crew charges $7.50 for mail-in returns, Abercrombie & Fitch charges $7, H&M charges $3.99 and Zara charges $4.95. It can now cost as much as $45 to return certain electronics at Best Buy. Amazon has also tightened its policy, charging some customers unless they use its box-free, in-person drop-off option. According to a report from the National Retail Federation, Americans will return an estimated $850 billion worth of items to stores this year. And nearly 20% of all the things U.S. consumers purchase online are returned, according to the NRF. David Sobie, who co-founded Happy Returns, a company that uses artificial intelligence robots to help make returns easier, says that the White House's tariff policies could be to blame. "Merchants now are under a treme Show less Read more
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