Tag

Refunds

All articles tagged with #refunds

business2 days ago•20 min saved

Tariff refunds reshape retailer pricing and margins

U.S. tariff refunds totaling more than $100 billion are being issued to major retailers after a Supreme Court ruling, with Walmart (~$2.9B), Target (~$994M), and Amazon (~$600M) among recipients. Retailers are using the funds to lower prices, improve margins, or fund marketing; Home Depot (~$730M) offset rising costs, while Lowe’s (~$80M) is still evaluating uses. Analysts call the situation a “wild card” amid ongoing trade-policy uncertainty, and Fitch cautions that consumers may perceive tariffs as having driven higher prices.

via Yahoo Finance|

#business #margins #pricing

business2 days ago•336 min saved

Tariff refunds: big windfalls for retailers, little relief for shoppers

U.S. tariff refunds total about $100 billion have largely gone to importers and shippers, not to consumers who paid higher prices. Retailers such as Walmart (about $2.9B), Apple (~$2.2B), Target, Ford, Home Depot, Nike, and Amazon disclosed large refunds and some plan to lower prices or offset costs, but it’s unclear how much—if any—will reach shoppers. Pricing is influenced by many factors beyond tariffs, making the “refund” impact murky. Analysts estimate only about 15%–20% of refunds will be passed back to consumers. Smaller businesses faced losses that refunds didn’t fully cover, underscoring that tariff windfalls largely benefit companies, while consumer relief remains limited.

via CNN|

#business #consumers #pricing

technology3 days ago•6 min saved

Riot Games ends 2XKO development, refunds players after a short run

Riot Games will halt active development on 2XKO in December after less than a year since its January launch; a final patch arrives in October, and all purchases made before August 20 will be refunded by November while servers stay online. Upcoming additions like Lux and Samira will still be released, all characters will be unlocked when development ends, and a large cosmetics bundle remains available for $39.99; ranked lobbies will be disabled while casual matchmaking continues. The decision underscores sustainability challenges in the free-to-play fighting game space, following earlier layoffs and mixed reception.

via Eurogamer|

#2xko #fighting-games #refunds

gaming3 days ago•3 min saved

Riot Ends Active 2XKO Development, Initiates Final Patches and Player Refunds

Riot Games will end active development of the free-to-play fighting game 2XKO in December after determining operating costs and flat engagement; servers will remain online beyond 2026 and offline play is unaffected. Three patches remain before development wraps: 1.3.1 in September unlocks most content (including all champions), removes major monetization elements, and reworks lobbies; 1.3.3 in October adds the final champion, Samira; 1.3.5 in December focuses on bug fixes. In parallel, Riot is refunding all purchases made up to August 20, with PC refunds issued to the original payment method and console refunds via the platform. Some items will be available for Credits, private lobbies will stay updated, and the game will sunset as a live service while Riot refocuses on future projects. A previous 80-position reduction to the 2XKO team was noted as part of the broader scaling decision.

via GamesIndustry.biz|

#2xko #gaming #patches

business4 days ago•0 min saved

Tariff refunds lift US retailer's Q2 profits by nearly $1B

A major US retail chain reported a $994 million pre-tax tariff refund, boosting its second-quarter operating income to $2.6 billion.

via BBC|

#business #earnings #q2

technology4 days ago•9 min saved

Riot to Wind Down 2XKO Development by December

Riot Games has announced it will cease active development of its League of Legends–universe fighting game 2XKO in December, with servers remaining online but no new updates. The company plans to release two more champions (Lux and Samira) and a final patch this year, unlock all champions, bundle most cosmetics, and refund purchases made on or before August 20; KO Points will be disabled and purchased content will be kept by players, with avatar and profile items unlockable for credits after September. Riot says the game failed to attract a sustainable audience despite a dedicated community, making sunsetting the game the best option after exploring other options.

via Game Informer|

#2xko #december #refunds

games4 days ago•13 min saved

Riot Quietly Closes Active 2XKO Development, Keeps Servers Live for Online Play

Riot Games will end active development on 2XKO by December 2026, but will keep servers online for online play with a final patch and bug fixes. Purchases made on or before Aug 20 will be refunded, most cosmetics will be bundled, and all champions will be unlocked. Offline play remains unaffected. Through 2026 Riot will still add content, including two new champions, Lux and Samira, before the final update.

via Kotaku|

#2xko #end-of-life #games

technology9 days ago•3 min saved

Unlocking Xbox Refunds: Quick Steps for Games, Add-Ons, and Subscriptions

Microsoft offers refunds for eligible digital Xbox purchases (games, apps, add-ons) typically within 14 days of purchase and limited by “significant playtime,” with a broader 90-day window that may be approved depending on limits per user per year. Subscription refunds follow separate rules: you can cancel or downgrade to stop future charges, and refunds may be available within 30 days of purchase or before the next billing date, limited to one refund per account per subscription product. Requests are made online via Xbox Support, and processing can take up to 72 hours, with the actual refund appearing on the original payment method within 3–5 business days after processing. Pre-orders have a separate cancellation window, and regional policies may apply. If a refund is denied, you can appeal by replying to the decision email.

via Engadget|

#digital-purchases #refund-processing #refunds

personal-finance10 days ago•15 min saved

PA Shoppers Begin Receiving Tariff Refunds From Carriers

Shippers such as FedEx, UPS, and DHL are starting to pass tariff refunds back to consumers who paid Trump-era tariffs last year, after the Supreme Court ended those tariffs. About $100 billion has already been refunded to companies, while direct consumer refunds are rolling out in phases to credit cards or bank accounts. Retailers mostly plan to use refunds to lower prices, rather than issue broad consumer refunds; FedEx has begun refunds around $800 million, UPS has paid $5 billion and is pursuing refunds, and DHL says it has filed claims for most eligible shipments.

via Patch|

#consumers #personal-finance #refunds

business11 days ago•4 min saved

Dodging Surprise Subscriptions: Real-Life Tips to Cancel Before You Are Charged

BBC reports on how people fall for paid subscriptions after free trials and shares practical tips to avoid charges, such as setting reminders for trial deadlines, reading terms and conditions, not assuming trials auto-end, and obtaining cancellation confirmations—illustrated by cases including an £89.99 refund via Apple and ongoing efforts to crackdown on subscription traps.

via BBC|

#business #cancellation #consumer-rights

entertainment12 days ago•4 min saved

Jon Batiste Cancels Several Concerts Citing Personal Circumstances

Jon Batiste canceled upcoming concerts in New York, Pennsylvania and Connecticut due to personal circumstances; refunds are available at the original point of purchase, and he’s planning new ways to share live music as his Monk Meditations and Monk Movements albums rollout continues.

via E! News|

#concert-cancellations #entertainment #jon-batiste

technology13 days ago•4 min saved

Wardogs set September early access with beta-refund promise

Wardogs, a 100-player shooter from Bulkhead, will enter Steam early access on Sept 10 with a closed-beta weekend (Aug 21–23). Pre-orders guarantee beta access, and players can request a refund if they’re unhappy with the beta. Early access is priced at $40 (rising to $60 at full release) with no in-game monetization planned during EA; cosmetics will come post-release. The EA phase focuses on performance, balance, and bug fixes over roughly 24 months across several maps, vehicles, and weapons.

via Eurogamer.net|

#100-player-shooter #bulkhead #early-access

gaming14 days ago•10 min saved

Cloud Switch edition of Aliens: Fireteam Elite ends without refunds

Cold Iron Studios has shut down the Nintendo Switch cloud version of Aliens: Fireteam Elite, making the game unplayable for all players once the servers close on August 5, 2026 (JST). No refunds are being offered, and the game, originally priced at $30 (or $60 for the Ultimate edition), will be delisted. Reports suggest affected players could be offered a discount on a Switch 2 version, but that would require paying again for content already purchased. The shutdown comes ahead of the sequel, Aliens: Fireteam Elite 2, due later this month.

via Ars Technica|

#aliens-fireteam-elite #cloud-gaming #cold-iron-studios

gaming15 days ago•6 min saved

Steam refunds 470-hour Battlefield 6 player after Rush mode vanishes from Quickplay

A Battlefield 6 player with about 470 hours says Steam issued a full refund ($109.24 for the Phantom Edition) after EA removed Rush mode from Quickplay in patch 1.4.1.5. The mode remains via Portal but isn’t available through Custom Search, and the player’s appeal cited the lack of notice as well as their longSteam history; Steam Support reportedly granted the refund, a move echoed by Valve’s past exceptions to the two-hour rule in notable cases.

via Eurogamer.net|

#battlefield-6 #gaming #patch-1-4-1-5

us-news16 days ago•25 min saved

LA's Inaugural Jazz Festival Postponed Just Before Kickoff

LA’s inaugural LA Jazz Festival, headlined by John Legend and Janelle Monae, was postponed hours before kickoff due to last-minute public-safety and permitting costs. Ticket holders will receive refunds within 30 days, and organizers plan to reschedule for 2027, with Jazz on the Beach at Dockweiler Beach as the only component still planned. Several events, including Jazz After Dark and the Caribbean Street Carnival, were canceled as production and permit hurdles surfaced. The festival was billed as the largest Black-owned jazz festival in LA and spanned two weeks across Southern California.

via New York Post|

#festival #jazz #los-angeles