Shopping Madness the Day Before Christmas

An estimated 24 million Americans waited until Christmas Eve to buy gifts.
2:07 | 12/24/11

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Transcript for Shopping Madness the Day Before Christmas
A Christmas shopping frenzy. Is finally giving way to the peace on earth that is supposed to mark this season estimated. 24 million Americans waited until the day the day before Christmas to complete their shopping. And as they hunted for last minute bargains retailers who have suffered through the recession were hoping and praying for enough of a buying -- to give them a big year end bottom line. ABC's TJ Winick is keeping track of the crush. Good evening -- the iconic Macy's store here in New York just closed after being open 83 hours straight. It's those type of around the clock hours and deep deep discounts which -- Americans across the country shopping up until the very last moment. Exhale America holiday shopping marathon of 2011. Is over lower due to blend of hand -- -- You shared some of that euphoria with us today finishing up your last minute Christmas -- bargain hunting. Yeah yeah. -- -- workers like Mario -- -- are also jumping for joy. -- -- sheer chaos. How happy are you that it's finally Christmas sale. -- -- -- -- -- -- -- It was a better than expected holiday season for retail. With a projected 469. Point one billion dollars in sales. Tax sales are expected to jump nearly 4% this year. Leading the way people ordering gifts on line. We estimate that online sales this year -- via the least 15%. We're seeing those numbers come through. -- the nation's stockings are stuffed. There is a rush of buying after Christmas Day responsible for another 47 billion dollars in spending that's always a great time for shoppers to get out and get terrific bargains as well. If you think you'll be able to shop in peace come Monday. Yes again. Millions will be redeeming gift cards retailers are already planning for long lines at the customer service desk. If solid consumer spending continues into the new year it's sure to be a boost to the overall economy. And might even spark a spring job search which so many are hoping for this holiday season.

This transcript has been automatically generated and may not be 100% accurate.

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