Many retailers loosen return policy

December 27, 2010 5:59:45 PM PST
Many retailers have eliminated restocking fees and some have even dropped return deadlines. All that means you could find taking returns back to many stores much more pleasant and less costly.

Macy's already generous 180 day return policy has been changed to unlimited for most items with a receipt.

Target now allows gifts to be exchanged without a receipt, but your returns without a receipt can't exceed $70 a year.

Open cameras are now returnable at Office Max for the first time, but you'll have to pay a 15 percent restocking fee.

And Toys-R-Us has extended its online return policy from 30 to 90 days.