How to return unwanted gifts
Another bonus during the holidays is the relaxed rules regarding receipts. Given the likelihood that a receipt may have been lost or not included with your gift, stores often don't require receipts for returns and exchanges immediately following the holidays.
In most cases, however, it will be an exchange and not a return that will be offered, or store credit. Many stores also slash prices after the holidays, so the credit you get could be far less than what was spent on the gift.