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Finding the Deepest Discounts on After Christmas Sales
CINCINNATI (Paula Toti) -- You might call the day after Christmas "retailers' second wind" because after-Christmas sales will be everywhere and discounts will be deeper on some things more than others.
The best after-Christmas sales are clothes. The website "Deal News" says expect huge mark downs from Banana Republic, Club Monaco, GAP and French Connection.
Last year GAP and French Connection shocked retail experts with discounts of 30% to 50% off on top of sales of up to 75% off.
New Years Day is the best time to buy furniture according to Britt Beemer of America's Research Group. It's become a tradition for people to shop for furniture that day. New furniture lines come out in February, so there is old product to move.
It is also the second or third biggest day of the year for mattress sales. Mattress companies have caught on to the furniture trend and have successfully piggy-backed with major sales.
Want a big screen TV? Wait a few more weeks, think Super Bowl weekend. Beemer says it's the perfect storm. New models get announced at the consumer electronics show in January. The Super Bowl is in early February so retailers are looking forward to moving out the old stuff.
How about a new Car? December 31st is the day to buy. Experts say dealers and auto makers want to meet year-end goals.
It's also a good time to get a gift card for yourself. People sell cards they got for gifts online. Sites like "Card Hub" sell them back to others for a discount off the face value.