Americans have increased their purchases at retail stores this holiday shopping season, with many chains luring shoppers in droves black friday discountBut now with the holidays over, retailers have started their post-Christmas sales, aiming to entice shoppers to spend more.
Shoppers spent between $979.5 billion and $989 billion last month, while retail sales in December rose 2.5% to 3.5% from a year earlier, according to an estimate from the National Retail Federation, the nation's largest retail trade group.
Retailers are now looking to encourage this further with additional promotions after Christmas to complement the holidays. This year's shortened holiday shopping period put pressure on some retailers, some of which also struggled to attract inflation-weary consumers through their doors.
“So far, the post-Christmas discounts seem to be a little bigger than last year,” Neil Saunders, retail analyst at GlobalData, told CBS MoneyWatch. “Retailers are working hard to stimulate demand and get consumers to spend.”
He added, “That said, there is no dramatic difference. A lot of retailers have managed inventory well this year, so they don't have a lot of inventory left that they need to move.”
Budget-conscious shoppers have also found especially bargain prices difficult year For some retailers, store closings have increased by 69% from a year earlier, according to research firm Coresight.
Industry problems have recently included the bankruptcy of popular chains party City“All Stores Closed” is now being organized sales!” There are discounts on everything and up to 50% off. In that vein, Big Lots plan to The host of more than 900 locations is “going out of business” after the company's sale to a private equity firm fell through earlier this month.
Other national retailers are also having sales, but tying them to the season. Here is a sample.
What products usually go on sale after Christmas?
Yes, retailers typically offer post-holiday sales to reduce inventory after Christmas. But this year, American shoppers have another reason to head to the mall or the computer in search of deals: the potential threat of higher prices on many items if President-elect Donald Trump imposes tariffs on imports.
Sticker-shocked consumers have seen some relief in the form of a decline in inflation in recent months, but Trump's pledge to impose new tariffs Some experts on imports, once in the White House, have warned that prices for many goods could rise in 2025, including manufactured goods.china toys, electronics and raw too oil imported from Canada.
For example, a Dallas-Texas-based furniture store called Finely Home Furnishings is running a “pre-tariff sale,” with the company estimating that its prices will double once the import tariffs are implemented. Posted On Facebook.
Amazon Christmas sale after 2024
The online retail giant is hosting a winter season salesOffering up to 40% off on products including vacuum cleaners, cordless drills and air fryers.
Best buy after Christmas sales
Best Buy's “Ring in the New Year” sale runs through Tuesday, and includes Discount On laptops, televisions, video games and appliances.
Hobby Lobby After Christmas Sale
The Craft chain is offering up to 75% off select clearance. stuff That includes photo frames, home decor, arts or crafts supplies, sewing, beading or jewelry making, and party supplies.
Lowe's After Christmas Sale
Lowes is closing events On almost 500 products. The home improvement chain is offering up to 30% off select major appliances through January 8, 2025, as well as 30% off certain holiday storage items. It is also offering up to 40% off on lights and ceiling fans and up to 50% off on select vanities.
target after christmas sale
Lakshya's leave approval events Launched Thursday, it offers up to 50% off products including holiday decorations, clothing, shoes, beauty supplies and toys.
“We have deep discounts across our entire assortment, making it easy for everyone to find great deals and extend the joy of the holiday season,” said Rick Gomez, the retailer's executive vice president and chief commercial officer. Said In a statement.
upside down after christmas sales
The beauty products supplier is offering up to 45% off on jumbo versions of its hair care products Discount Over 1,200 items, from moisturizer gift sets to mascaras.
Does Walmart have after Christmas sales?
Walmart is offering clearance sale Before the end of the year, products like air fryers are on sale for 50% off and artificial Christmas trees for 70% off.
Contributed to this report.