Retailers roll out huge post-Christmas deals
Macy's, Wal-Mart, Target and even online giant Amazon.com are pushing to attract customers and boost December revenue.
By Jim Probasco
Hoping to boost lagging end-of-year sales, a number of retailers have announced a push to attract customers after Christmas.
Some traditional bricks and mortar retailers, including Target and Kohl's, started Christmas Day at their online sites.
Both Wal-Mart and Kohl's opened their physical stores Thursday at 5 a.m.
"This is an especially big time for people who got gift cards to come and spend on what they didn't get for Christmas," said Wal-Mart spokeswoman Sarah McKinney. In fact, according to Target spokeswoman Antoine LaFromboise, the day after Christmas is the biggest day of the year for redeeming Target gift cards.
As part of the big year-end push, Macy’s had buy-one-get-one-free deals on men's dress shirts and suits. Sears (SHLD) offered up to 40 percent off on appliances and Sears-owned Kmart said "Shop Your Way" members could receive 50 cents off per gallon of gas when they spent $25 or more on specific Procter & Gamble (PG) products.
Amazon featured deals of up to 70 percent off for its after-Christmas sale, while Gap-owned Old Navy advertised a "Mega Sale" offering clothing at 75 percent off in stores and 60 percent online.
In general, according to experts at DealNews said the best bargains could be found in apparel, holiday treats and decor, and brand-name HDTV sets. In addition, the Atlanta Journal-Constitution said last year's electronic devices would be offered at up to 80 percent off.
While many retailers began their after-Christmas sales early this year, experts said the best prices, especially on clothing, would not happen until mid-January as stores look to clear out stock in anticipation of new spring fashions.
Meanwhile, although overall holiday sales in physical stores have been disappointing, resulting in big after-Christmas bargains for shoppers, e-commerce enjoyed a real boom this year. So much so that package delivery systems, including UPS (UPS) and FedEx (FDX), became overwhelmed, causing missed or late deliveries just before Christmas.
Retailers, as they conduct post-holiday analysis, are certain to note the explosion of online shopping and will seek to find ways to adjust to consumers' new love affair with Internet commerce.
This spells good news for companies like Amazon that already specialize in the online shopping experience and a challenge to others, like Wal-Mart, that are more recent arrivals to the world of e-commerce.
At the time of this writing, Jim Probasco had no position in any mentioned securities.
Read more from Benzinga
People AREN"T spending, read the article.
Everyone is worried about an uncertain future, made more difficult by a lack of leadership in Washington.
I read this Article on the MSN start page,
halfway down the same start page was this article:
U.S. holiday sales better than last year: MasterCard Advisors
That was the headline Here's the First paragraph:
(Reuters) - Sales during the 2013 U.S. holiday season grew from a year earlier as retailers used higher discounts and promotions to attract customers in a season with fewer shopping days, according to MasterCard Advisors.
So which do I believe? Thanks MSN.
Show 1:Read the article from MasterCard about the record sales this Christmas.Millions
get gift cards so the sales will continue to roar.
DAN MAC 02;The restaurants and malls have been packed for weeks.That`s not even counting the 24/7 online shopping.These are the good old days.All these stocks market records have made
those of us smart enough to invest feel rich.There`s numerous lies in the article.
People are spending 24/7 because Obama has the economy booming.Don`t tell the Repubs,
they hate hearing facts.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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