Ongoing investigation into consumer complaints that certain large retailers are charging what is termed a "restocking fee" on returned items. This investigation centers around Best Buy, Comp USA, Dell, Target, Apple, Gateway, Sears and Amazon. The investigation suggests that retailers typically charge a "restocking fee" that may cost more than 15% of the item's sales price. Usually, the "restocking fee" is automatically deducted from the purchase price or automatically assessed on your credit card.
Name (Stock Symbol)
Apple Inc. (AAPL)
Apple Inc. designs, manufactures and sells consumer electronics including computers, cell phones. It also owns and operates Itunes, the largest website to download and manage music.
Dell, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, sale, and support of computer systems and services worldwide.
Target operates retail stores.
Amazon is an online retailer of books and other consumer products.
Best Buy (BBY)
Best Buy owns and operates a chain of retail consumer electronics stores.
Sears Holdings Corporation (SHLD)
Sears Holdings Corporation operates as a broadline retailer.
Comp USA owns and operates retail stores that sell computer related products and consumer electronic merchandise. It was acquired by Systemax Inc.
Gateway, a subsidiary of Acer Inc., manufacturers computer hardware.
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