Target Announces Changes to Its Return Policy to Combat Fraud
Target, a leading retailer, has announced changes to its return policy aimed at addressing increasing instances of return fraud. The company has decided to tighten its rules on refunds and exchanges, especially for transactions suspected of fraudulent activity.
New Return Policy Updates
Target's new return policy still allows returns for unopened items within 90 days, but the retailer now reserves the right to deny refunds or exchanges if there is suspicion of fraud. This shift is in response to the significant financial losses retailers experience from fraudulent returns, which have collectively cost U.S. businesses over $100 billion last year. Fraudulent practices include returning stolen merchandise or swapping genuine items for counterfeits.
These changes reflect an industry-w...
