By Chris Dato • December 29, 2014
It’s the week after Christmas, and you are enjoying the spoils of staying on the good list for another year. While admiring your take, shopping is likely the last thing on your mind. However, the week after Christmas is one of the best times of the year to score killer deals on certain items at major retailers, like Target, Macy’s, and Sears. This can really come in handy for those people who you may have overlooked in your Christmas shopping.
As you probably expected, the week after Christmas is a great time to find insane discounts on holiday decorations, since stores are desperate to free up the floor space being taken by these seasonal items. The Home Depot and Lowe’s generally offer discounts upwards of 75% on these types of times. Similarly, wrapping paper and holiday cards will be great buys after Christmas. If you are going to take advantage of these savings, the key is to have system to store your items that is not only out of the way, but that you will also remember not to repurchase the items at the start of the next holiday season.
If you have a sweet tooth that did not get satiated at any of the myriad of Christmas parties and dinners over the last week, you are in luck. Holiday sweets and candy are going to be heavily discounted after Christmas.
Each year, apparel is one of the items that see the biggest discounts across the board the day after Christmas. According to trend analysts, 45% of the after Christmas sales were clothing related. This is a great suggestion for picking up gifts for the forgotten people of your list, as even high-end brands slash their prices like Nike. Last year, Banana Republic offered 50% off already items already on clearance. Also, look for opportunities to stack coupons, which some retailers will do after Christmas. Target will be offering 20-40% off clothing as part of their “Amazing After Christmas Clearance Sale.” Macy’s is offering huge savings on nearly all purchases.
The last item to look for in your after Christmas deal hunting is electronics. Last year, electrons sales accounted for 12% of after Christmas sales. In anticipation of new models, some retailers will have sales on certain last generation electronics, sometimes even matching Black Friday Deals. Target, who’s “Amazing After Christmas Clearance Sale” starts at 7 am on the 26th, will have a 32” Element LED HDTV for just $149.00, as well as 20% off all Sony and Skullcandy ear-buds, among many other clearance deals. They are also offering 60% off clearance if you are shopping online!
You know that check from your grandparents is burning a hole in your pocket of your new Penguin Sleep Pants Santa brought you. Go take advantage of the unseasonably hot deals!
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Chris Dato A Southern California kid born and raised, Chris is happiest with sunglasses on his face and sand under his back. Although a self-proclaimed master money saver, he prefers the term 'responsibly frugal' to 'cheap.'