Shoppers haven't seen anything yet as a number of retailers are expected to pull out all the stops this weekend in order to clear inventory and raise cash before the end of the calendar year.
Case in point is J. Crew. The privately-held retailer blasted out an e-mail to customers yesterday with a return of its 30% off deal after it originally expired on Christmas. Bloomingdale's (M), Aeropostale (ARO +1.8%), Abercrombie & Fitch (ANF -0.2%), and Gap (GPS -0.3%) have also been extremely active in promoting post-Christmas deals.
What to watch: Retailers which managed inventory adroitly should see their margins hold up better than peers. Early indications are that Lululemon (LULU -0.1%), Zumiez (ZUMZ -0.7%), and Fossil (FOSL -0.8%) may fit the bill.