Waiting until Dec. 26 is definitely a great money-saving strategy.

Impress 4 Less Inc. Upscale Resale

17331 Mack Ave
Detroit, MI 48224
(313) 469-9384

After Christmas you can take 50% off apparel and accessories.

Cabela’s Retail

110 Cabela Boulevard East
Dundee, MI 48131
(734) 529-4700

After Christmas Winter Clearance Sale – Save Up To 60% Off

Jos. A. Bank

200 Renaissance Center #1311
Detroit, MI 48243
(313) 392-9360

Jos A Bank After Christmas Sale Dec 25 – 28. Save up to 60% off men’s apparel.

Other after Christmas deals:

Cold-weather items such as jackets as retailers attempt to clear out their existing merchandise. JC Penney is offering sweaters that are usually $17.99 to $21.99 for $9.99 after Christmas.

Wrapping paper, greeting cards, decorations: Stock up for next year! Prices on these items will be slashed right after Christmas.

Sparkling wine should also be marked down significantly.

Target’s emphasis will be on its electronics and toy aisles. Vizio 32-inch LED high-definition television will be selling the day after Christmas for around $399. It is now in stores for $599; video games that now go for $49 to $59 will be $39; knocking $40 off the price of a Nikon digital camera, selling it for $109.99 the day after Christmas; all iPod accessories and Philips headphones will be selling for 20 percent off and popular Nerf, Lego and Star Wars toys will be marked down by at least 30 percent.

Post-Christmas is the perfect time to cash in gift cards. Billions of dollars on gift cards go un-redeemed every year; your best bet is to take advantage of them during post-holiday sales, when their value will likely go a little further, since you’ll be able to cherry pick some heavily discounted post-holiday merchandise.

CBS News contributed to the article.

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