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I can confirm the very generous Walmart return policy for the Kobo reader, as it is definitely 90 days. Last November I bought an H2O and was able to exchange it for an Aura One 6 weeks later. Now I have ordered a Clara to replace my Nook Glowlight 3 which no longer holds a charge. It is supposed to arrive October 29 and I have until January 30 to return or exchange it. I hope Walmart continues to sell them. I'm appreciate having an alternative to the Kindle since the Nook seems a little iffy at this point.
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