Occasionally, you may find the odd piece of luggage marked down for a Presidents Day sale, says Hillary Mendelsohn, author of "thepurplebook" online shopping series and founder of ThePurpleBook.com.
But for the most part, you still see luggage at full price in February, she says.
Expect better deals: "I would wait until fall," Mendelsohn says. "Because in September and October, you can save up to 20 percent" on luggage.
What is on sale in February: Bedding and furniture are on sale. Look for sales on mattresses, box springs and pillows around Presidents Day, Mendelsohn says, at savings of 20 percent to 40 percent.
You can find deals on bed linens at the same time. While the range of price cuts is wide (30 percent to 60 percent), look for the deepest cuts on winter-weight sheets and comforters.
And you might see the start of some good furniture deals as new products start to roll into stores. Look for discounts of 15 percent to 20 percent on last year's models, says Daniel Butler, vice president of retail operations for the National Retail Federation.