Macy's rings in a New Year with a sale

Many of the goodies you might have wished you bought in 2007 are still available at Macy's -- only they cost less.

With prices marked down as much as 65 percent, now is the time to make the most of the gift cards Santa sent you. Among the bargains are Charter Club cashmere scarfs in jaunty polka dots and such fashion-forward hues as pink and lilac, in addition to the old standby black and white. Originally priced at $75, you can now wrap up a scarf for a mere $37.27.

You'll also find deals on shoes, handbags, outerwear, clothes for women, men and kids, as well as housewares. Items from Martha Stewart's holiday collection are half price.

Shoppers can redeem gift cards online at www.macys.com You can make returns and exchanges at a Macy's near you.