The biggest after Christmas sales are available at Walmart, Macy's and other large retailers, according to a Dec. 27 Yahoo Finance report. However, stores like Gap, Express, and Anthropologie are not yet offering huge post-holiday sales discounts on merchandise, which means you are not likely to get a great deal at these specialty clothing stores just yet.
Interestingly, the day after Christmas, malls were rather slow without the massive traffic expected for Dec. 26. This could mean stores will wind up with more merchandise on hand as the days and weeks go by, which could lead to the deep discounts you are likely holding out for.
If you do not want to wait to spend your Christmas cash and gift cards, check out JC Penney, Kohl's, Macy's, Kmart, Old Navy, and Walmart for discounts of 60, 70, and 80 percent off. If you have not hit the mall or the big box stores yet with your Christmas money, you may be better off waiting a bit longer to pick up the best bargains for your dollars. Sales are likely to get even better within the next week or so.