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Christmas returns, post-holiday deals expected Thursday

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It's not over at the malls just yet.

After the holiday shopping rush comes the holiday return dash.

Many retailers are gearing up for an early start Thursday for all those holiday returns, but there's a good chance bargain hunters will find a deal too.

Discounts will definitely be deep this week. But what you're getting are leftovers.

You can guarantee that you'll see some 70-75 percent off discounts on wrapping paper and Christmas tree trinkets.

For those lugging around a sack full of returns, make sure to read the fine print.

Many retailers have adopted stiffer return policies that consumers encounter only once a year.

Return fraud can be costly for stores, to the tune of almost 9 billion dollars, according to the National Retails Federation.

Of that total, stores will lose an estimate 3.39 billion dollars just during the holiday season.

It's become even more crucial for consumers to read the fine print on a gift receipt before heading to the store.

Consumer reports suggests looking for the length of the return window, and whether holiday gifts get an extension.

Also, certain items carry a restocking fee, common for electronics.

And be mindful that some items, like video games and movies, cannot be returned once opened.

Kiplinger's Personal Finance also reminds returning shoppers to bring their ID to the store. A retailer may ask for it, especially if you do not have the receipt.

It's just one step stores are taking to identify repeat return offenders.

Source: CNN