As many shoppers know, the days leading up to Christmas is reserved for shopping for loved ones, but the day after Christmas is a day to do some personal shopping.
With most people still at home enjoying the holiday season, Reuters and businesses alike expect that this “Mega Monday” will see the third biggest shopping day of the holiday season. The day falls right behind Black Friday and Friday, December 23.
This year Christmas came on the warm side for many across the nation, another reason to be out and about on the day after Christmas. For retailers it also means less of a sale in winter clothing and accessories.
Many people will be cashing in on their store gift cards while others says that it’s worth waking up early to take part in the 60 and 70 percent discount advertisements.
According to ShopperTrak, shoppers may do up to 60 percent more shopping this December 26 than last year’s date.
“It was a stampede at 8 a.m.,” shopper Sarah Klein said to Reuters.
Consumer spending has been up this holiday season, although less than expected. Americans are more optimistic about the economy and a poll by Consumer Reports observes that four in 10 Americans plan to do a bit of shopping over the next few days.
Although people may be out in the malls, not all of them are there to shop and spend money. Despite the allure of additional discounts, this year Americans are also returning purchases in record numbers. CNN Money reports that shoppers have returned about $46.28 billion worth of holiday merchandise.