More US Retailers Adopt ‘Keep It’ Returns Policies to Shelter Profits in Holiday Surge

More US Retailers Adopt ‘Keep It’ Returns Policies to Shelter Profits in Holiday Surge
Shoppers look at clothes during Black Friday deals at Macy’s department store at the Roosevelt Field mall in Garden City, New York, on Nov. 24, 2023. Shannon Stapleton/Reuters
Reuters
Updated:
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LOS ANGELES/NEW YORK—As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth.

This year, 59 percent retailers offer so-called “returnless” or “keep it” policies for unwanted products whose returns costs exceed their value, according to returns services firm goTRG, which surveyed 500 executives at 21 major retailers, including Walmart and Amazon.com.