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Ready to get out and spend all the holiday gift cards you received last month? Stretch those gifted dollars even further by shopping for items that stores are offering on deep discount this time of year.
Here’s a look at some categories where you can find great deals now, according to shopping experts, including where to shop and how much you could possibly save:
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Open-box tech
The last week of December and the first week of January are the busiest times of the year for retail returns, thanks to giftees taking back those presents that they didn’t want or need. That includes unused items that gift recipients opened before returning to the seller unused.
Some stores offer additional “open-box” discounts on such items, although the inventory will be limited.
“That’s a great way to find value, if you’re willing to go on what I call the Open Box Treasure Hunt,” says Brad Godwin, senior vice president and head of retail partnerships at Shopkick.
Where to look for deals: Best Buy, Amazon, Newegg
Potential savings: 20 percent or more
Toys and games
Since demand for these items drops significantly as soon as the holiday season is over, so do their prices.
“Any of the toys and games that retailers didn’t sell last month are going to be pretty cheap because they want to get as many of those as they can get out the door,” says shopping expert and editor Kristin McGrath of RetailMeNot, a coupon and deals company.
Where to look for deals: Walmart, Target, Kohl’s
Potential savings: 40 percent to 50 percent
Small kitchen appliances
January sales on products like waffle makers, air fryers and stand mixers reflect not only excess inventory left over from the holidays, but also increased demand from those who are ready to stay home and eat in more during the colder months or after a busy holiday season.
“Some people may have also made New Year’s resolutions focused on spending less on takeout or dining out, so they need those appliances to cook at home more,” says Julie Ramhold, a consumer analyst with DealNews.
Where to look for deals: Wayfair, Bed Bath & Beyond, Macy’s
Potential savings: 20 percent or more
All things holiday
Anything themed for the winter holidays will go on deep discount the last week of December and into the first few weeks of January. This is your opportunity to stock up on decorations, serving dishes, holiday lights and trees, wrapping paper and even holiday-themed clothing.
