Transcript for Retailers Prepare for Big Post-Christmas Returns
Millions of us heading back to the mall today. All about returning those unwanted gifts and hunting for those big post-christmas clearance deals. ABC's Linzie Janis is at a best Buy in Manhattan. Good morning to you. Reporter: Good morning. It may not have a name like black Friday or super Saturday but make no mistake today is going to be huge. The second busiest shopping day of the year and this season has been pretty good to retailers. With sales expected at just over $600 billion. It's expected to be about 4% better than last year. This morning, millions of merrymakers will shake off that post-present after dinner haze and hit up yet another crazy day of long lines and deep discounts. And it's all fueled by those gifts we didn't ask Santa for but got anyway. While many stores will give you until the end of January to bring back your ill-fitting duplicate or just plain unwanted gifts, retailers are expecting $65 billion worth of returns and exchanges today. This year, the day after Christmas, is expected to be the second busiest shopping day of the year. Right behind super Saturday. I think today is the day to shop. One, it's a Friday. You have time to work with. Two, you've got inventory to work with and you've got retailers who are saying get this stuff off our hands. For retailers who are expected to just barely hit their holiday sales goals for the year, all that traffic represents one more chance to tempt us with post-holiday deals and to motivate us to use the season's number one present, $32 billion worth of gift cards. A lot of people have gift card buying power in their pocket. It's burning a hole so I would encourage people, yeah, you know, get out there, use those gift cards, take advantage of that in if your stocking was stuffed with plastic from too many different stores or stores you don't like, Walmart is testing out a program to help you streamline. The retail giant now offering up to 97% of the value of unwanted cards in exchange for a Walmart card with no fees and no expiration date. 40% of us are expected to return at least one Christmas gift. Remember, most stores will give you until the end of January, electronics are a slightly different story. At Best Buy you'll have until January 15th but the important thing you don't have to go out today. It's going to be crazy. Yeah, it is going to be crazy. Best to wait a couple of case or else I could have you do my returns. No way. Thanks. We do have a travel alert as
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