Post by Christmas Father on Dec 24, 2009 2:51:05 GMT -5
Consumer agencies and business associations are highlighting a variety of tricks and traps that could cost Americans money in these last frenzied days of holiday shopping.
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Issuing notices, sometimes jointly, the groups are cautioning people to watch out for such things as deep-discount price baits, free-trial scams and retail marketing gimmicks that could cause you to spend more money in the long run. They warn consumers, who seem to be watching pennies with Depression-era wariness, can still find their money siphoned away if they¡¯re not careful.
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¡°But even the most carefully built holiday budget can crumble if you fall for the tricks grinchy companies use to get you to spend more,¡± Consumer Reports said in a recent notice.
Many retailers continue to promote ¡°door-buster¡± sales long past the Thanksgiving weekend when promotions are traditional. In a more deceptive version of these sales, an item advertised at a super-low price on a Web site is just a come-on to get people into a store.
Other stores have been handing out gift cards to shoppers who spend a certain amount in their stores. For instance, Abercrombie&Fitch has given $25 gift cards to someone who spends $100. However, you cannot use the cards until January ¨C¨C when most deep discounts, and much stylish merchandise are long gone.
Historically, gift card recipients tend to spend more than the amount of the card ¨C¨C something on which retailers rely.
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Consumer agencies and business associations are highlighting a variety of tricks and traps that could cost Americans money in these last frenzied days of holiday shopping.
Issuing notices, sometimes jointly, the groups are cautioning people to watch out for such things as deep-discount price baits, free-trial scams and retail marketing gimmicks that could cause you to spend more money in the long run. They warn consumers, who seem to be watching pennies with Depression-era wariness, can still find their money siphoned away if they¡¯re not careful.
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¡°But even the most carefully built holiday budget can crumble if you fall for the tricks grinchy companies use to get you to spend more,¡± Consumer Reports said in a recent notice.
Many retailers continue to promote ¡°door-buster¡± sales long past the Thanksgiving weekend when promotions are traditional. In a more deceptive version of these sales, an item advertised at a super-low price on a Web site is just a come-on to get people into a store.
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Other stores have been handing out gift cards to shoppers who spend a certain amount in their stores. For instance, Abercrombie & Fitch has given $25 gift cards to someone who spends $100. However, you cannot use the cards until January ¨C¨C when most deep discounts, and much stylish merchandise are long gone.
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Historically, gift card recipients tend to spend more than the amount of the card ¨C¨C something on which retailers rely.
Restocking fees can be another unexpected cost. Many items, particularly electronics, are subject to restocking fees ranging from 15 to 25 percent of their cost if the items are not returned in a factory-sealed box. If you don¡¯t want the item, don¡¯t open it. If you¡¯ve opened the package, you may be able to negotiate down the restocking fee when you return it.
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