3 On Your Side: Retailers Call Thanksgiving Grey Thursday

By Jim Donovan

PHILADELPHIA (CBS) -- First came Black Friday, next it was Cyber Monday, and now, are you ready for this? Even Thanksgiving has a nickname. Retailers are calling it Grey Thursday since more and more people go shopping on Thanksgiving day. 3 On Your Side Consumer Reporter Jim Donovan looks at what to buy now, and what to wait for.

As Black Friday gives way to Grey Thursday and Cyber Monday continues to grow -- strategizing for the best deals can be confusing.

Personal finance expert Vera Gibbons says there's one area where shoppers may want to be shopping right now. She says, "If you're on the market for the really hot, super hot toys, the toys that are out on the best toy list that have been released by Amazon and the like, I wouldn't necessarily wait to get these hot toys."

While Kiplinger's personal finance, says Black Friday is the day to hunt for items like: cookware and small appliances, HDTV's, tablets, laptops, and video games and consoles.

Gibbons says Cyber Monday is the day to snag apparel saying, "You tend to see 45% more clothing deals on Cyber Monday, and Cyber Monday is generally when you see store wide discounts, you know, take 30% off everything. take 40% off everything, so if you have a favorite retailer or a favorite brand, Cyber Monday would be an excellent time to shop for apparel."

By the way, a survey by Adobe predicts overall online prices will be at their lowest, on Thanksgiving day.