Seeking to grow revenues from the 2013 holiday shopping season, retailers are hoping for a huge after-Christmas rush of shoppers looking for bargains, reports USA Today.
Target Corp. and Kohl's Corp. started online sales on Dec. 25, and many Wal-Mart and Kohls stores opened at 5 a.m. today.
The National Retail Federation still expects 2013 holiday sales to increase by 3.9 percent this year, but according to ShopperTrak, weekly in-store retail sales were down more than 3 percent for the important shopping week of Dec. 16-22.
MasterCard Advisors SpendingPulse, which tracks customer spending during the holiday shopping season, said today that sales between Nov. 1 and Dec. 24 rose 2.3 percent over the prior year, versus 0.7 percent from 2011 to 2012, Reuters reported.
And with the rise in popularity of gift cards, retailers have adjusted their post-holiday inventories to keep more videos and music on hand for shoppers seeking to use their gift cards, reports Forbes.
Amazon.com Inc. reported that the 2013 holiday season was its "best ever," with the Seattle online retailer saying customers ordered a record 36.8 million items, or 426 items per second, on Cyber Monday, reported the Puget Sound Business Journal.