Christmas Sales are down there is no doubt about that. Many retailers are hoping that their After Christmas Sales will be enough to save them.
According to preliminary data from SpendingPulse — a division of MasterCard Advisors that tracks total sales paid for by credit card, checks and cash — retail sales fell between 5.5 percent and 8 percent during the holiday season compared with last year. Excluding auto and gas sales, retail sales fell between 2 percent and 4 percent, according to SpendingPulse.
A better indicator of how retailers fared won't arrive until Jan. 8, when major stores report same-store sales, or sales at locations open at least a year, for December.
If you’ve managed to keep your hard earned cash in your pocket this holiday season but really need something now might be the time to strike as retailers are still trying to entice consumers with big markdowns, extended hours and other perks, it is expected that many retailers after christmas sales will be the biggest ever.
Toys R Us said it is cutting prices by 60 percent on some brands the day after Christmas. And kids who didn't get the Hannah Montana doll they wanted may be able to find it for half off.
Other retailers such as Target are pushing online deals, rather than in-store promotions, more heavily in the post-holiday period. Target said it is putting thousands of items on clearance and making them eligible for free shipping the day after Christmas.
Others, like Wal-Mart Stores, are waiting until the weekend to make markdowns on items such as televisions, office and home goods but say they will continue in-store promotions of the week.
If you have that gift voucher, some spare cash and there is something you might like then now is the time to strike: this years after Christmas sales will be the best ever
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