VIDEO: Holiday sales and returns

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Thursday, December 26, 2013 - 1:39pm

Just like Black Friday started earlier this year, stores are ringing in the after Christmas sales early too. Some opened as early as 5 a.m. and some of the deals are so big, you just might need a sleigh to get all of your goodies home, George Howell reports.

Just when you thought the Holiday shopping frenzy was over, the after Christmas sales are on and this year, it's expected to be bigger than ever.

Some stores like Walmart and Kohl's opened their doors as early as 5 a.m. to anxious shoppers just hours after Christmas.

According to Dealnews, you'll get the best bang for your buck on clothing, brand name HDTV's and Holiday treats and decor.

Kathy Grannis, National Retail Federation, "Discounts will definitely be deep this week. But what you're getting are leftovers. You can guarantee that you'll see some 70-75% off discounts on wrapping paper and Christmas tree trinkets."

The sales aren't just in stores, they're online too, Shopper, "We're doing a lot of Amazon.com. A lot of online shopping."

Retailers like Amazon.com, Old Navy and Saks Fifth Avenue are amping up their "day after Christmas" sales in hopes of cashing in on your Holiday cheer.

Kathy Grannis, National Retail Federation, "The week after Christmas can account for as much as 15% of what retailers see throughout the entire holiday season. So if you add it all up this final week is just as important for retailers as the week before is."

Experts say the 26th is also a big day for gift card purchases with Target customers cashing in their stocking stuffers the most today.

Kathy Grannis, National Retail Federation, "Gift cards for 7 years in a row now have been the most requested item. We're actually expecting gift cards to bring about $28 billion once they've all been redeemed."

For those lugging around that sack of returns, some advice from Consumers Reports:

  • Make sure to read your receipt's fine print for the exact window and to see if you can get an extension on Holiday gifts.
  • Be on the lookout for re-stocking fees
  • Keep in mind some items, like video games and movies, can't be returned once you open them.

If you are heading to stores to make those returns today, Kiplinger's Personal Finance reminds you to bring your state issued ID.

Some retailers may ask to see it, especially if you don't have the receipt, that's a step stores are taking to catch repeat returners.

Economy

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