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Feb 28, 2007 -- Costco's return policy is no more

Clark is sad to tell you that one of the most liberal retailers in terms or returns is changing its policy. Until recently, Costco Wholesale allowed any purchase to be returned any time for any reason. That means that years after the purchase Costco would still take something back – no questions asked. Incidentally, the company has had the lowest theft rate of any retail store, as well. Recently, Costco had to change its policy because so many people were returning old televisions just so they could get new ones. So, because a small percentage of people have abused the trust of the warehouse clubs, there will be a 90-day return policy on electronics. That includes televisions, DVD players, cameras, iPods and the like. But being Costco, it’s not all bad news. The company is going to offer its own 2-year warranty on electronics bought in its stores. So, you’ll have more time than you think in the end.

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