The NY Times had an article yesterday that said that retailers had already discounted so much before Christmas that there were not many more markdowns, and they were "bundling" instead (meaning, buy a laptop and get a free printer, for example). And, interestingly, that markdowns of more than 50% meant (in general) that the retailer would lose money on the sale.
I am in Arizona and since the day after Christmas, the mall has been so busy that I don't dare get anywhere near it! (Before Christmas it was much quieter). My gut tells me that people waited to get their year-end bonus in hand before spending - since no one could be sure they were getting that money.
My answer is that I have not managed to get even one bargain, for fear of being trampled at the mall. Has anyone else gotten something wonderful at the sales?