Boxing Week
Encyclopedia
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.
Many Canadian and (increasingly) UK retailers, as well as some other Commonwealth
countries clear their inventory
in Boxing Week specials because in many cases:
This results in huge lineups at retailers.
Many products have a mail-in rebate to be used, a tactic used by manufacturers to clear their inventory.
Boxing Day
Boxing Day is a bank or public holiday that occurs on 26 December, or the first or second weekday after Christmas Day, depending on national or regional laws. It is observed in Australia, Canada, New Zealand, the United Kingdom and some other Commonwealth nations. In Ireland, it is recognized as...
and ends with New Year's Eve
New Year's Eve
New Year's Eve is observed annually on December 31, the final day of any given year in the Gregorian calendar. In modern societies, New Year's Eve is often celebrated at social gatherings, during which participants dance, eat, consume alcoholic beverages, and watch or light fireworks to mark the...
. It may also include a few days before Christmas
Christmas
Christmas or Christmas Day is an annual holiday generally celebrated on December 25 by billions of people around the world. It is a Christian feast that commemorates the birth of Jesus Christ, liturgically closing the Advent season and initiating the season of Christmastide, which lasts twelve days...
and/or after New Year's Day
New Year's Day
New Year's Day is observed on January 1, the first day of the year on the modern Gregorian calendar as well as the Julian calendar used in ancient Rome...
. 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.
Many Canadian and (increasingly) UK retailers, as well as some other Commonwealth
Commonwealth of Nations
The Commonwealth of Nations, normally referred to as the Commonwealth and formerly known as the British Commonwealth, is an intergovernmental organisation of fifty-four independent member states...
countries clear their inventory
Inventory
Inventory means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English...
in Boxing Week specials because in many cases:
- Inventory must be counted using expensive labourManual labourManual labour , manual or manual work is physical work done by people, most especially in contrast to that done by machines, and also to that done by working animals...
some time in January. - Depending on the state, province or municipalityMunicipalityA municipality is essentially an urban administrative division having corporate status and usually powers of self-government. It can also be used to mean the governing body of a municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special-purpose district...
, they are often subject to a millage tax (similar to property taxProperty taxA property tax is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality...
es) 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.
Many products have a mail-in rebate to be used, a tactic used by manufacturers to clear their inventory.