I'm torn on this issue. I understand how retailers have to protect their bottom line and they lose thousands of dollars a year on returned merchandise. But at the same time, I do tend to spend more at stores where they have more liberal return policies, like Costco, Kohl's and Sam's for that very reason. I think that when the tags are still attached, when the item is clearly new, and when they still sell the exact same item and it's not been clearanced, I do not see why they cannot go ahead and take the item back, at least for store credit. If they know the item has been on sale, you should only expect the lowest sale price back regardless of how much you know was spent on it if you don't have a receipt. But I think any time there's a "zero tolerance policy" for anything, you're not doing the best job you can to service your customer. And if you think Target and Walmart are bad, in my experience, places like Fry's and Best Buy are even worse. I had the same problem with some baby stuff I wanted to return to Target. And it was Target's brand, "Circo" I think is what it's called. They said "No receipt, no return" even though it was clearly their brand and still in the brand new package. I'm more careful about my receipts as a result, but the main thing for me is I mainly do as much shopping as I can at Costco. If we all started shopping at places with more liberal return policies, maybe Target and Walmart would change their return policies as well. :-)