Retailers in post-Christmas mode

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MERIDIAN, Miss. (WTOK) - The holiday shopping season comes to a close for local stores and shoppers. Christmas is the busiest and most profitable time of the year for many businesses.

Some local retailers say the holiday shopping season can make or break their year.

Small businesses like Harry Mayer Clothiers in Meridian say the holiday period is one of their more productive times in sales.

Owner, Harry Mayer, says he saw an increase in shoppers this year leading up to Christmas. He says the store is quiet after Christmas, but many loyal customers are still circulating through.

"We had a super December," said Mayer. "Our December was an incredible month. We are coming off a high. After the 24th things started slowing down so we are making a lot of exchanges right now."

Mayer says taking inventory will continue through next week.

Select items will be reduced to prepare for spring and summer merchandise.

According to PriceWaterhouseCoopers, shoppers said they planned to spend 10 percent more this holiday season, with an average of just over $1100. Consumers with annual household incomes of less than $50,000 planned to increase their percentage of spending even more.