For Immediate Release Kathy Grannis (202)783-7971 or email@example.com www.nrf.com/holidays Gift Receipts More Popular Than Ever Among Holiday Shoppers, According to NRF Survey
Washington, December 7, 2011 – Understanding there are times their gift may not be the biggest hit, more gift givers are offering their loved ones the option to return their gift guilt free. According to NRF’s 2011 Holiday Returns Survey, 61.9 percent of holiday shoppers say they provide a gift receipt most or some of the time, the highest percent in the survey’s history. The survey also found more people are paying attention to and agreeing with retailers’ return policies as nine in 10 Americans (90.1%) say they find stores return policies to be fair, up from 88.4 percent last year.
“Gift givers would rather their loved ones enjoy and make the most out of their gift than feel guilty for returning it, and providing a gift receipt guarantees a seamless and efficient return process,” said NRF President and CEO Matthew Shay. “As shoppers flood the stores the week after Christmas, retailers will make sure to provide extra staff and customer service to ensure their holiday shopping experience is one that will bring them back again and again.”
While gift receipts are increasing in popularity, many gift recipients said Santa brought just what they wanted last year. According to the survey, six in 10 (64.5%) holiday shoppers say they didn’t return a single gift last holiday season.
“For the past several holiday seasons, gift givers have focused primarily on recipients’ needs, and it appears those practical gift ideas hit just the right note, keeping the majority of shoppers out of the return line after Christmas last year,” said BIGresearch Consumer Insights Director Pam Goodfellow.
NRF's tips for stress-free returns after the holidays
1. Know the retailer's return policy before you buy. Most retailers have return policies prominently displayed, especially at this time of year. Gift-givers should read and remember them. If policies are not clearly displayed, ask a sales associate or a manager to explain them to you. Most retailers also outline their return policy on their website.
2. Save and file all receipts! Receipts are still the key to hassle-free returns. Some retailers will allow consumers to exchange merchandise without a receipt, but oftentimes will only provide merchandise credit for the lowest markdown price at which the item was sold during the holiday season. Make sure to provide the recipient with a gift receipt to save hassle after the holidays.
3. Provide all original packaging and all parts (including tags) when giving a gift. Some retailers won't accept returns unless the item is in its original package. If you plan to take back a gift after it is unwrapped, resist the urge to open it or play with it. No one wants to buy someone else's merchandise.
4. Make online returns easy. Returns are a part of shopping, no matter where you buy. In addition to the other rules of returns, here are a few things to find out before you purchase a gift online:
- Know the process: Who pays for return shipping – you or the merchant? Some merchants will pick up the delivery charges for exchanges, but not for returns; others offer free return shipping on every return.
- Where to make returns: Does the retailer have a physical store, and can returns or exchanges be made there? Make sure you have the correct address if you need to mail returns back to the company. Some merchants have offsite service centers to handle returns that may be in a different location from where the merchandise is sent.
5. Be patient. Remember, the week after Christmas is one of the busiest weeks of the year for retailers. With people’s frustration high and tolerance low, be patient when returning merchandise.
About the Survey
The NRF 2011 Holiday Consumer Intentions and Actions Survey was designed to gauge consumer behavior and shopping trends related to the winter holidays. The survey polled 8,502 consumers and was conducted for NRF by BIGresearch from November 1-8, 2011. The consumer poll has a margin of error of plus or minus 1.0 percent.
BIGresearch® consumer intelligence provides analysis of behavior in areas of products and services, retail, financial services, automotive and media. The Consumer Intentions and Actions® Survey (CIA®) of 8,000+ respondents is conducted monthly and the Simultaneous Media Usage® Survey (SIMM®) of 15,000+ respondents is conducted semi-annually.
As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation. www.nrf.com.