What are the best stores for Black Friday sales?
If you read my newsletter (sign up here if you haven’t seen it yet), you know I advised consumers to start their Black Friday shopping for several weeks ago.
My advice today is to keep comparison shopping and add some of the stores that WalletHub.com recommends as the best, and of course, leave those at the bottom of its list until last.
Last year’s Black Friday sales drew 66.5 million Americans to shop in person and 88 million to shop online.
With the crush of shoppers, I’ll be shopping online. I’m hoping to get some Money off on a new Apple desktop. However, Apple doesn’t often discount its products and when it does, the discount is small.
WalletHub surveyed nearly 4,000 deals from 16 of the biggest U.S. retailers’ 2022 Black Friday ad scans to identify the stores offering the biggest discounts in various product categories such as “Appliances,” “Jewelry,” and “Toys.” Ad scans are everything from PDF files to digital catalogs and deal pages on retailers’ websites. They’ve replaced physical ads that shoppers received in the mail.
Here are some highlights from the WalletHub report “2022’s Best Places to Shop on Black Friday”:
Best Black Friday Retailers – Average Percent Discount | |
1. JCPenney – 64.71 percent | 6. Lenovo – 40.67 percent |
2. Belk – 64.23 percent | 7. Target – 32.87 percent |
3. Macy’s – 53.05 percent | 8. Big Lots – 32.86 percent |
4. Office Depot and OfficeMax – 49.93 percent | 9. Academy Sports + Outdoors – 31.10 percent |
5. Kohl’s – 44.23 percent | 10. The Home Depot — 30.90 percent |
Next on the list are Newegg, Walmart, BJ’s, Amazon, Best Buy, and Costco, with Costco’s in last place with an average percent discount 16.8 percent.
The overall average discount for Black Friday is 37 percent, according to WalletHub. Consumers should aim for this discount amount or higher to avoid Black-Friday traps, it advises.
The “Apparel & Accessories” category has one of the biggest shares of discounted items, 21.09 percent of all offers, compared to the “Furniture” category with the smallest at 3.73 percent.
Good luck with your Black Friday shopping. And, don’t forget that basic of personal finances – keep comparing prices for the big savings.
Originally Published on https://boomersurvive-thriveguide.typepad.com/the_survive_and_thrive_bo/