Tag: black friday
Retailers have turned the one-day bonanza into a week’s worth of hot sales.
…There may be just one Black Friday — the day after Thanksgiving — but retailers are offering deals pretty much every day this week. “It’s become Black Friday Week,” says Deborah Mitchell, executive director for the Center of Brand and Product Management at the University of Wisconsin-Madison. “Like Super Bowl Sunday, the main event is later in the week, but everyone is gearing up and excited now.” Not all the best discounts, however, are saved for the big day, and shoppers who stick to Black Friday may find they’ve missed out, she says. “Smart shoppers will be looking every day.”
The wider spread of sales throughout the week, both before and after Black Friday, has another advantage for shoppers. While stores typically suspend their price matching policies on Black Friday, most will meet a competitor’s advertised deal on other days this week. They may also offer a credit on an item recently purchased for the difference between the purchased price and new sale price, says Edgar Dworsky.
But there’s a catch, say retail experts. Many of the deals are blink-and-you’ll-miss-them opportunities which are available for a few hours, or until a limited supply runs out. Here’s what to look for each day now through Cyber Monday:
Many stores have already kicked off their Black Friday countdowns, offering one-day deals that come close to — or in some cases beat — their Friday prices, Mitchell says. Best Buy, for example, had a 55″ LG LED HDTV Monday for $898, a 31% discount and $100 cheaper than a planned Samsung door-buster for Black Friday of comparable quality. Amazon.com launched its Black Friday deals site Nov. 1, and has new offers each day this week. A number of stores, including Lowe’s and Home Depot, are promising that Black Friday prices are already in effect, Dworsky says.
Big pre-Black Friday sales, including those from Newegg.com and Target wrap up on Wednesday. Shoppers also may benefit from waiting until midnight, when many Thanksgiving online-only deals could go into effect, Dworsky says. Since most retailers have specified turkey-day deals, but haven’t offered details on availability, it may only be worth it if you’re already up late making the pies. “Last I checked, Nov. 24 still had 24 hours in it, so you could wait up for nothing,” he says.
Shoppers stuffing the turkey at 6 a.m. may find their time waiting for the bird to roast well spent shopping. Kmart will be open from 6 a.m. until 9 p.m., and Best Buy plans to release a number of online-only sales that day. Gap Inc. plans to open 1,000 stores — including 800 Old Navy stores and a number of Gap and Banana Republic outlet stores — for limited hours on Thanksgiving. “We know from the receptiveness of Thanksgiving hours over the past two years that many consumers want the ability to jump-start their holiday shopping,” says Louise Callagy, a spokeswoman for Gap. She says Old Navy will offer 3D glasses for shoppers to spy hidden games, messages and extra discounts around the store.
On the later side, Toys R Us will open its doors for Black Friday at 9 p.m. on Thanksgiving, followed an hour later by Walmart. But leaving in time to get in line may require cutting Thanksgiving celebrations short. Mitchell suggests double-checking the ads to see which in-store-only deals (if any) are worth ditching the family.
More deals are rolling in at midnight this year, with retailers including Kohl’s, Target, Best Buy and Macy’s pushing forward the usual 5 a.m. store openings. Online shoppers will find plenty of deals at that time, too, with online-only deals and some of the same door-busters that are available in stores, says Andrew Eisner, the director of content for Retrevo.com. Despite waning interest from consumers, Black Friday is still one of the best days of the year to get bargains, he says. Anticipated deals include a $200 42″ Sharp LCD HDTV at Best Buy, and a $350 HP laptop at Office Depot. But shoppers must also contend with very limited quantities of those deeply discounted items, as well as some misleading sales on older items that aren’t the latest technology, Eisner says. Many of the sale Blu-ray players, for example, require shoppers to buy an extra WiFi adaptor, while laptops tend to have older, slower processors.
Shoppers have added incentive to keep their mobile phone on hand this year. Stores including Bon Ton, Macy’s and JC Penney have said they plan to have more mobile coupons available. Toys R Us announced last week that it will offer shoppers who check in on Foursquare special “swarm” deals including $50 off the $170 Imaginarium City train table and 40% off the Incredible Edibles toy line.
Big-box stores will continue some of the same sales they offered on Friday, with a different round of door-busters. Given limited inventory this year, shoppers shouldn’t count on these items being in stock, says Dworsky. You may find deals on items that are less likely to sell out. Sears, for example, has a door-buster of 30% off Kenmore Elite appliances until 1 p.m. on Saturday as well as $200 off a broad range of Craftsman tool sets.
It may be worth browsing mom-and-pop shops, too. Many are participating in American Express’s “Small Business Saturday.” The card company is offering a $25 credit to shoppers who register their card and spend $25 at a small business that day. Plus, many stores are offering their own deals, including 20% off at McNally Jackson Books in New York and up to 25% off designer denim at AB Fits in San Francisco.
Savvy shoppers should check out eBay in the early morning hours, says Tim Dubroy, a spokesman for eBay market data firm Terapeak. “We noticed a couple of years ago that sales are higher on the Sunday after Thanksgiving than on the Monday after,” he says. eBay sellers scanning Cyber Monday ads often price their items competitively. Last year, for example, a Dell Zino HD desktop sold for an average $340 on eBay on Sunday — $9 less than the Dell.com Cyber Monday price that several gadget blogs touted. Sellers also matched a $399 Amazon.com deal for a Panasonic Lumix DMC-G1 digital camera. For the best deals, bid or buy before 2 p.m. Eastern, when prices rise as more shoppers head online, Dubroy suggests.
“There’s been so little talk of Cyber Monday this year that you have to wonder if it even exists,” Dworsky says. The National Retail Federation reports that 45% of retailers plan to offer a coupon or percentage-off sale, about 38% will have a limited-time promotion and 30% will offer free shipping on some orders. (In comparison, last year 49% had special offers, 41% offered one-day sales and 22% had free shipping on all purchases.) Still, it’s worth browsing the sales, if not necessarily waiting for them, he says. AT&T plans to offer several smartphones — including the HTC Inspire and the LG Thrill — for a penny when consumers sign a two-year contract, similar to a deal Amazon.com has scheduled for Black Friday weekend. Clothing chain Express offers 30% off all online purchases plus free shipping, which is 10% less than its Thanksgiving and Black Friday morning in-store offers.
Thanksgiving is weeks away, but some retailers are dropping prices to entice shoppers.
We’re five weeks away from Black Friday and already major retailers are dropping prices to entice early shoppers into the stores and onto their websites. Amazon has been discounting prices for months and, as a result, its third-quarter sales surged 39 percent. We combed the websites and sale circulars of some major appliance and equipment retailers and found prices cut on some top performers. Some stores are throwing in free delivery and haulaway deals to sweeten the deal.
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