You've heard of Black Friday and Cyber Monday, but now Labor Day is becoming another major shopping holiday.
According to the National Retail Federation, many retailers are showcasing deep discounts at stores and online sites to lure shoppers.
The savings can be as much as 60 percent off an item, and sometimes more. The major markdowns are on summer merchandise and back to school supplies. There are also huge savings on clothing and electronics. Home goods, appliances and sporting goods are also on sale.
Experts say the key is to look for coupons to help further add to the savings.
In the end, consumers win with deeply discounted prices, while retailers benefit too by seeing a boost to their bottom line.