I have a Christmas gift closet too, I have been buying gifts as I found good sales as well as redeem points for gift cards. (honeywerehome.com)
I am going to start my own gift closet in August... thanks for the suggestion. (theinspiredroom.net)
Zulily is also offering free shipping on all Melissa & Doug products, so this is an excellent time to pick up larger items or to fill your gift closet. (pocketyourdollars.com)