Boxing Week
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Boxing Week is a period of six days or more that starts with Boxing Day and ends with New Year's Eve. It may also include a few days before Christmas and/or after New Year's Day. It is not strictly a week. It is a term that was invented by the retail industry a few years ago (at least in Canada) to enable them to extend (hopefully) the Boxing Day sales frenzy.[citation needed]
Many Canadian and (increasingly) UK retailers, as well as some other Commonwealth countries clear their inventory in Boxing Week specials because in many cases:
- Inventory must be counted using expensive labour some time in January.
- Depending on the state, province or municipality, they are often subject to a millage tax (similar to property taxes) on any inventory retained as of 1 January of each year (or 7 January/15 January in some tax jurisdictions).
- They are introducing new products in the new year.
This results in huge lineups at retailers.[citation needed]
Many products have a mail-in rebate to be used, a tactic used by manufacturers to clear their inventory.[citation needed]
[edit] References
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