Page 6 - 571 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Because e we believeve ths an innovovator in alall o. welcome back. it was a strong holiday retail season. mastercard reporting year-over-year holiday sales were up nearly 8%. but what about those gifts you got that just missed the mark? brian cheung now with what you need to know in the race to return. >> reporter: tonight, the season for gift giving turning into the time for gift returning. americans will return an estimated $171 billion in merchandise this holiday season. >> you don't know if the person is going to really want what you were giving them. >> reporter: julie frankie is a hol...

Up >> reporter: i feel right at home here at the garden state plaza. people are already racing to return gifts a day after opening them we spoke with folks among those returning an estimated $171 billion in merchandise today take a listen. do you feel like returns are easier 2022 than they were, like, a few years ago? >> yeah, probably. >> it's easier to buy online and return in store. as opposed to buying online and having to ship it off. >> reporter: the returns come when 60% of retailers are expected to change their return policies in many cases they will make them more stringent. make sure...

Very insightful, guys. the new subway series. what's your pick? now, that christmas is over, we are expecting to see a rush of returns for those who didn't get exactly what they wanted analysts predict $171 billion worth of products will be returned this holiday were season, all as we try to make sense how holiday spending and post christmas sales are impacting the economy. i want to bring in data reporter brian cheung at the garden state plaza in new jersey where there seems to be a lot of folks around so what are the holiday spending numbers that you are watching for going to tell us about...

Returns. the estimate coming from the national retail federation that americans are expected to return $171 billion in merchandise just this holiday season. i spoke with some new jerseyan who are making those returns today. take a listen to what they told us earlier today >> i didn't want to come i was working out. she called me, she says, let's go to the mall, get this thing over with before it gets crowded. that's what we did. >> reporter: with the return policy, did you have to read the fine print did you notice anything about -- >> no. because before i purchase something, i ask what my ret...

Up 7.6% for von line sales up 10.6%. if you adjust for inflation, the numbers don't look as good still, a lot of people behind me at the west tpraoeld garden state plaza out and about mostly doing returns. the last i want to highlight is the one you just mentioned expected returns based off estimates from the national retail federation that $171 billion in goods will be returned this holiday season we spoke with people here over the course of the morning. they waited in line to return or exchange things in an environment where prices are high maybe they prefer to have credit to be a little bit...