There are a lot of deals and sales on tools during the holiday season. Some good places to check first are hardware stores like Home Depot and Lowes. Most of the time they send out an ad or you can visit their websites or go in to the store.
Another good place to look is Sears, they often have sales on tools and other household items during the holidays. Most of the time these stores will send out circular ads, most of the time they will be weekly ads with multiple different sales. They will also have the ads posted on their websites as well as other sales that may not have been mentioned in the circular ads.
You can sign up to be on their mailing or e-mailing list so you can get a jump start on the sales.
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