Stores were packed with post-Christmas shoppers, as retailers marked down their products in hopes of boosting holidays sales. So far, holiday period sales are up 3.6%, which is the "lower end" of expectations according to MasterCard Advisors.
The question is, will marking down a part of $1,380 shoes to $150 or $1,500 Gucci purses to $750 at Saks Fifth Avenue help? Well, given that people were waiting for doors to open and "not walking - they were running" into the Manhattan location, we'd say it's got to help a little.
Shoppers were also rushing to redeem gift cards, which is a good thing as about 10% of the $80 billion spent on gift cards last year went unredeemed, or returning items they really hated.
Did you go shopping yesterday? Did you return, redeem or nab a good deal?
Photograph of a shopper in Herald Square by Mary Altaffer/AP