Ah, another holiday season has come and gone. If you are like most people you received many gifts that you both love and loathe.
I have a chronic problem with accepting gifts I don’t like and never attempting to return them for something I actually want. This year I am sworn to change and you should too!
There is nothing wrong with graciously accepting a gift and then quietly exchanging it after the holiday. In fact doing it right after the holiday can be your best bet as many retailers have big sales to get rid of winter inventory and make room for spring product that generally starts to roll in around February.
Also many stores have amended return policies that actually give you less time to make a return or exchange on a gift. So don’t procrastinate! You could end up missing a chance to get something great.
Some retailers that have big post-holiday sales include department stores like Macy’s and specialty stores like The Limited. Twice a year, once at the end of the winter season and one at the end of the summer season, The Limited marks down around 60 percent of its inventory to make way for new product. This is a great chance to get those pants or jacket you wanted, or even some wardrobe essentials at unusually reduced prices. A similar store (but not equal) New York and Company also unloads after Christmas with some items, like gift sets and winter essentials, reaching a whopping 80 percent off.
Stores that already sell bargain items also make big cuts after the holiday. Old Navy is having a great sale with items up to 75 percent off in store and 50 percent off online. In a store where most items cost under $30 already a discount that large can get you a ton of stuff.
Many retailers also give out coupons during the holiday rush that are only valid in the week following the holiday. Kohl’s for instance gave out Kohl’s cash throughout the season but the redemption date is only Christmas to New Year’s. In most cases you can utilize your coupons to purchase something else with the credit earned from a return. When the product is already on sale, you have a valid coupon and an item to return you are in great shape to get something worth way more than the initial gift.
Directly after a holiday is when retailers generally suffer the most. Many low-volume stores may even see negative numbers with returns outweighing purchases. Because of this they offer great sales to keep you in the store and keep their books in the black. So take advantage of that! Don’t save that credit for some mythical outfit you may need in the future.
Victoria’s Secret is a great store to hit post-holiday, they offer discounts and sales off undergarments and pajamas, items that do not change much from season to season. Stock up on basics when the deals are the best.
Post-holiday sales can sometimes actually be better than the “big” holiday sales. Chances are your favorite store is cutting prices from Christmas to New Year’s. So don’t push those mock turtlenecks and loafers to the back of your closet, get out there and get something you want!