Happy Monday, y’all!

Welcome to that timeless stretch between Christmas and the New Year. Some call it Betwixmas, others call it The Void. Nobody really knows what day it is. (Thankfully, Daily Money has you covered with the reminders!)

You may recall last week I wrote about what types of gifts Americans were buying this holiday season. According to Visa, electronics and apparel purchases saw huge gains, and I joked that the boxes under our Christmas trees were probably socks and smart tech. 

Well, I celebrated Christmas with my partner’s family, and I couldn’t help but cackle as they unwrapped their gifts. One box was full of 80 pairs of socks — yes, 80! — and another was a 65” smart TV. Visa was spot-on in my case.

Did that trend ring true for your holiday gifts? Send us a reply to let us know!

In the meantime, we’ll cover the gift exchange policies for major retailers in case you want to return… say, 79 pairs of socks. Let’s get to it. — Adam Hardy

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Need to Exchange a Gift? Here's Every Major Retailer's Holiday Return Policy

Returns are an unavoidable part of the modern gift-giving experience. Maybe the style choice missed the mark. Or perhaps the size was simply too small.

Whatever the reason, millions of Americans this week are tracking down receipts and re-wrapping packages in an effort to return a holiday gift or two. According to a recent poll by Shorr, a packaging manufacturer, 65% of U.S. adults say they have returned a holiday gift in the past, and 40% plan to do so this holiday season.

By the end of the year, a National Retail Federation report found that the value of returned items in the retail industry are projected to reach a whopping $850 billion.

As my colleague Andrea Agostini Ferrer reports, some good news is that several major retailers have extended their policies beyond the typical 30-day return window to make holiday gift exchanges or refunds a little bit easier.

One major thing to keep in mind is that the original purchase date usually needs to fall between October and December, depending on the store. Here’s a quick look at the rules for some of the most popular retailers.

Not all items — particularly Apple products — are eligible for these extended return windows. In the link below, Andrea breaks down some crucial caveats and covers the return policies for several other popular retailers as well. — AH

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This issue of Daily Money was written by lead data reporter Adam Hardy and associate editor Kat Peach. It was edited by Kat Peach. Questions? Comments? Concerns? Please email [email protected] with any feedback.