5 things NOT to buy on Black Friday

- Advertisement -


Black Friday may feel a little more normal this year than last, when shoppers mostly stayed home and made their purchases online.

- Advertisement -

Nearly 2 million more people are expected to make holiday shopping between Thanksgiving Day and Cyber ​​Monday than last year. According to a joint report published by the National Retail Federation, a trade group, and Prosper Insights & Analytics, about 64% of Americans plan to shop in a brick-and-mortar store on Black Friday this year, compared to 51% last year. Compared to. , a retail analytics firm.

- Advertisement -

But many Americans began shopping for holiday gifts as early as Halloween—heeding warnings from retailers that supply-chain issues could lead to shortages of popular toys, tech, and other goods produced overseas. .

In fact, some 28% finished all their holiday shopping by early November, according to a joint report, a . based on Survey in more than 7,800 American adults.

- Advertisement -

Inflation – which hit a 31-year record high with prices of goods and services rising 6.2% over last year – also distinguishes this year’s Black Friday from recent years. But it could work to the benefit of consumers, said Diana Smith, a retail analyst at Mintel.

“It’s even more important for retailers to offer deals this year because of inflation, which can give consumers an idea of ​​how to shop,” she told Businesshala.

“But what will likely happen is that these discounts will be offered on short supply,” said Kristin McGrath, editor of The Real Deal at RetailMeNot. “Consumers will be attracted by the lower price, but they may not be able to hold off on that particular item.”

Like last year, Black Friday is “no longer a ‘day’ — it’s an ‘event’ that lasts a month or more,” Smith said, adding that retailers purposefully called it quits earlier this year. Started promoting because of inventory shortages and delays “to encourage earlier purchases”. ,

Whether you’re looking to finish all your holiday shopping by Cyber ​​Monday or are trying to treat yourself to something, it’s important to note that you’re not really getting that big a deal, or at all. No.

Here are five products you should skip buying during Black Friday sale events

Clothes

Based on the Black Friday deals that are already being offered, the apparel discounts are “compared to what we’ve seen in years past,” which are typically along the lines of 30% for sales, says Regina Conway. Said, who researches sales and promotions for Slickdeals. , a site that tracks retail discounts. “But it’s possible that the initial dollar amount on those items may have gone up a bit.”

“That said, stores use this time to clear out some of their existing inventory to make room for the upcoming season, so we may see more impact in future months.”

PS5’s and Xbox Series X’s

When it comes to Sony PS5,
-0.19%
and Xbox Series X MSFT,
-0.54%
The gaming system and console “bargain” is only being able to use one at retail price, Conway said. PS5 sells for $499.99 at BestBuy BBY,
-2.91%
and Walmart WMT,
+0.30%
But by Friday both the shops had run out of stock.

They’ve been especially hard hit during this entire year because of ongoing microchip shortages and supply-chain issues. is here too a website It lists when stores are scheduled to restore their supplies.

Consumers may be able to get a $10 discount, however, on certain colors of the Nintendo Switch Lite 7974.
-1.83%
Peace, McGraw said. They sell for about $199.99 at retailers like Target TGT and gamestop GME,

“Overall, gaming consoles aren’t going to have any exciting discounts this year, so don’t make them your focus unless just finding one in stock is enough for you,” McGrath said.

exercise equipment

If you keep your eye on a new set of weights or even a Peloton PTON,
-1.61%,
You should wait for it to get closer to the new year, Conway said. That’s when “brands rely on what people offer to get in shape or improve their health” and offer great discounts, he said.

Television

While buying a new TV on Black Friday can be tempting, especially when retailers are claiming deals “too good to be true” — there’s often a catch, McGrath said. Typically, TV models that go on sale on Black Friday are older models that either need to be replaced or repaired every few years.

But around the Super Bowl, you’ll have a better shot at getting a new, higher-quality model.

Furniture

McGrath told Businesshala, “Unless you absolutely need to replace that sectional, bed or dining room table, there’s no reason you should absolutely be shopping for furniture on Black Friday and turn your attention to smart buying.” should be removed.”

“In fact, you’ll have another opportunity to make huge furniture savings on President’s Day in February.”

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox