Retailers roll out huge post-Christmas deals

Macy's, Wal-Mart, Target and even online giant are pushing to attract customers and boost December revenue.

By Benzinga Dec 26, 2013 11:36AM

Shoppers put bags in a car at a Walmart store in Valley Stream, NY, on March 29, 2011 (© Spencer Platt/Getty Images)By Jim Probasco

Hoping to boost lagging end-of-year sales, a number of retailers have announced a push to attract customers after Christmas.

Many big-name stores are taking part, including Macy's (M), Wal-Mart (WMT) and even online giant (AMZN).

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

Dec 26, 2013 1:11PM


People AREN"T spending, read the article.

Everyone is worried about an uncertain future, made more difficult by a lack of leadership in Washington.

Dec 26, 2013 12:13PM
Dec 26, 2013 11:51AM
It's just not Christmas without a huge credit card bill in January.
Dec 26, 2013 1:24PM
Every day is a sale day.  If you miss it today, don't worry.  There will be another one tomorrow.  Exception:  The Legal Drug Dealers screw their patients everyday.  They get you hooked and then you miss Christmas, the January sales, the Valentine sales, the March sales, the Good Friday sales, the end of school sales, the beginning of summer sales, the fourth of July sales, the back to school sales, the Columbus Day sales, the Fall Cleaance sales, the Halloween sales, the Thanksgiving sales, and back to the Christmas sales.  You have no money for these sales because the "ask your doctor" ads and their suppliers took your money and your life.  Does anyone think I hate "ask your doctor" and "medicare supplement" ads???
Dec 26, 2013 1:24PM

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.


Dec 26, 2013 12:50PM
Stay away from Walmart. Most of what you get there is not a good deal, all things considered. Kohls and Target are pulling ahead of the pack.
Dec 26, 2013 12:55PM
Glad I did all my shopping before Christmas. No more, No mas, finis,  etc. No sense in me buying something I don't really need because it's cheaper now. Good luck to  all the bargain hunters in recognizing the real bargains today.
Dec 26, 2013 12:20PM
A WARNING TO BARGAIN SHOPPERS: Read the signs. The coupons you are getting are taking the discount off the tag price, not clearance price. The small print excludes all name brands. A number of hotter selling items had their  tags swapped out for higher-priced ones yesterday and plenty of hard goods are being pulled before the store open because they aren't included. After the New Year is the inventory crunch when retailers lying about great sales are deluged with returns and unsold stock. You can find better deals then. 
Dec 26, 2013 1:28PM

Show 1:Read the article from MasterCard about the record sales this Christmas.Millions

get gift cards so the sales will continue to roar.

Dec 26, 2013 1:17PM

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.

Dec 26, 2013 1:04PM

People are spending 24/7 because Obama has the economy booming.Don`t tell the Repubs,

they hate hearing facts.

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