Retailers Expect Big Business on Day After Christmas - 8 News NOW

Retailers Expect Big Business on Day After Christmas

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LAS VEGAS - Valley retailers are preparing for one of the busiest shopping days of the year. The day after Christmas brings hundreds of customers.

Many wish to return or exchange their gifts. If you received a bad gift, ask if the person who gave it to you also received a gift receipt. That will make the return or exchange easier.

You can also donate your unwanted gift to charity and receive a tax write-off. Many may choose to re-gift their presents.

While many people will look to return or exchange gifts, others will buy new items with gift cards they received.

If you received a gift card, know they come with some restrictions and fees. Additionally, make it a point to use those cards. Some gift cards can lose value if they are not used within two years. Consumer Reports estimates customers purchased almost $1.8 billion in gifts cards last year that will likely go unused.

If you lose a gift card, many retailers will not replace them. Other stores will charge a fee.

Some gift cards such as American Express and Visa include an activation fee, and shoppers don't receive the same fraud protection as a bank-issued credit card.

Regardless, gift cards can be fun presents for people and provide a boost to the bottom line of several businesses.

"In the shopping center world, that's the day we really see a tremendous amount of shoppers come in and using those gift cards they received over the holidays, and there are some fantastic sales," said Town Square Marketing Director Jaimesen Mapes. "(It) makes, obviously, using those gift cards really big for the day after Christmas."

Most of the stores at Town Square offer huge discounts on the day after Christmas. Many of them, such as Charming Charlie and Guess, offer discounts of up to 50 percent on most items.

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