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Take that back! Returns are big for the holidays

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By Associated Press 5 min read

By ANNE D’INNOCENZIO

AP Retail Writer

photo Kruti Sheth refurbishes iPods at Liquidity Services Inc., in Cranbury, N.J. Liquidation.com has four warehouses full of returned merchandise. Christmas still is several days away, but shoppers already are suffering from buyers’ remorse. People who rushed to snag discounts on everything from TVs to toys this holiday season are quickly returning those bargains for much-needed cash.

NEW YORK – Ah, the warm feelings of the holidays: Comfort and joy. Good cheer.

And buyer’s remorse.

People who rushed to snag discounts on TVs, toys and other gifts are quickly returning them for much-needed cash. The shopping season started out strong for stores, but it looks like the spending binge has given way to a holiday hangover.