Returns will be harder this season

And more of the week's best financial insight

A store.
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Here are three of the week's top pieces of financial insight, gathered from around the web:

Microsoft leads hedge fund 'VIPs'

Returns will be harder this season

Retailers are rethinking their return policies, said Jessica Dickler at CNBC. Last year, "the return rate was about 16.6 percent of total U.S. retail sales, or $761 billion in returned goods." But at least 10 percent of returned goods cannot be resold, and this year businesses don't feel like they are in a position "to afford such a hefty price tag." Though free returns are beloved by consumers, "stores such as Gap, Old Navy, Banana Republic, and J. Crew (once known for a generous return policy that spanned the lifetime of a garment), shortened their regular return windows to within a month." A few stores, including Anthropologie, REI, and L.L. Bean, are even charging restocking fees for mailed returns.

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'Charm' prices disguise bad deals

Obviously, buying something for $9.99 isn't a much better deal than getting it for $10, said Josh Zumbrun in The Wall Street Journal. But retailers ending goods in 9 is an age-old trick often "used to camouflage bad deals." Ending prices in 99 cents — sometimes called charm pricing — is a trick that has "been around so long no one is sure of its origins." Over time, we have come to associate such prices with sales — ads as far back as 1880 tout special deals with $1.99 and 99 cent offers. In reality, though, when stores raise prices "they strongly prefer charm prices to soften the blow." A 2021 paper by economists Daniel Levy and Avichai Snir found that items priced ending in 9 "were on average 18 percent higher than when those same items' prices had different endings."

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