Post-christmas Shopping In Full Swing

The old models will go on clearance and the prices will drop steadily. "At some point in time, we'll get people to buy it," Scharaga said. This year, post-Christmas sales are perhaps more important than in previous years, because many stores lost sales due to the shorter holiday season, which was compressed to 26 days, the shortest in 11 years. In-store retail sales declined 3.1 percent the week before Christmas from the same period in 2012, according to ShopperTrack. In-store holiday spending is projected to be the lowest since 2008, according to the International Council of Shopping Centers. Online sales, however, remained strong through Christmas Day. During the last shopping weekend before Christmas, Web sales jumped 37 percent from the year before, according to IBM Digital Analytics.

A First Look at Holiday Shopping Trends

The category that gained the most in online sales was video game consoles and accessories, followed by apparel, consumer electronics, computer hardware and home and garden. The new Xbox One from Microsoft Corp. ( MSFT ) and the PlayStation 4 from Sony Corp. ( SNE ) were clearly responsible for the boost to console sales this year. The surge in mobile device use for both browsing and buying is the top story for this holiday season.