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Into the single digits, certainly watching this carefully. very cold air moving its way across the region. all right. thanks very much. if you re up early i wonder if you re going to work or returning those gifts. according to shopper track, today is expected to be this fourth busiest shopping day of the year for traditional retailers. one reason, returns. about $63 billion worth of holiday merchandise was returned in 2015. they also found that one out of every three gift recipients returned at least one item. so the question is what happens to all those items after you hand them back in? the question that stumped retailers hurting at that margins. certain items rerouted to dollar stores. others bundled together and sold at auctions. some retailers getting less for the return. this amid long-term troubles. ....
Christmas is behind us but for many, the holiday shopping rush is far from over. the day after christmas is now becoming a shopping phenomenon while consumers hit the stores to return those unwanted gifts, retailers hope to cash in by offering even bigger discounts. according to an american express study, 66% were expected to shop the day after christmas. that s compared to 45% on black friday and 47% cybermonday. joining me now is cnbc s cortney regan. i m one of those who waits until after, i may get a deal or two. how did consumers do with that? i was at the mall december 26th and it was pretty crowded. mastercard says retail sales are up nearly 8% for the holiday season through christmas eve but this week, like we are talking about, is very important for retail. it s really the last burst of shopper traffic and spending before the quieter winter months set in. shopper track actually forecast ....
Stormed that planned parenthood clinic in colorado springs and opened fire. three people died, several more wounded. i teams took that suspect out alive. so far, prosecutors are not saying exactly why he targeted that klain ick. we ll see what comes out of his first court appearance coming up on shepard smith reporting. black friday in-store sales fell more than a billion bucks this year according to the firm shopper track. analysts say one of the reasons more americans are shopping online, particularly on cyber monday, which is today. senior correspondent adam housley live with more. adam, where are all the deals? well, gretchen, just pull up your tablet, your phone or computer for that matter. i don t know about your e-mail, but mine has been inundated with deals. people at home i m sure know as well, it s really become more like a cyber season with many retailers starting online deals well before today. i saw some last tuesday and wednesday before even ....
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They say, well, take 50% off. then it s down to, you know, $250 or whatever. you re dazzled by the 50% off, but you better look around. most places are selling it for the $250. so that s the problem, you know, with a lot of the deals. and there was a study done that showed basically there are no deals. i mean, you have to have be careful not to go in and say, 50% off, i need this. right. i mean, i do that. you get sucked in. you think you re getting a deal. it s a lot of psychology. we love bargains. yes, yes. exactly. i want to ask you quickly on this one because we re talking about december 20th here. apparently, according to shopper track, sales are projected to hit up to $10 billion. of course, this is good for the merchants. but is it really good for the overall economy as we always hear? absolutely. consumer spending is really the driver of the economy. even though this is a limited ....