Current:Home > FinanceBlack Friday deals start early and seem endless. Are there actually any good deals? -AdvancementTrade
Black Friday deals start early and seem endless. Are there actually any good deals?
View
Date:2025-04-26 10:49:01
If you're reading this, Black Friday deals are already in full swing.
Yes, we know it's not Friday yet.
But Black Friday isn't just Black Friday anymore. Retailers begin rolling out deals days or even weeks ahead of one of the biggest shopping day of the year, enticing customers with offers long before they've taken their first bite of Thanksgiving dinner.
"If you wake up on Black Friday and that's the first time you're thinking about it, you're late to the game," said Kristin McGrath, editor at the shopping website RetailMeNot.
Which means if you want to score that heavily discounted TV or gaming console, you had better get moving.
But how good can a sale that lasts that long really be? Are there still great deals to be had during the Black Friday season — or is it just a lengthy marketing ploy to get us to buy more stuff?
It's no longer one day. And it no longer starts the day after Thanksgiving
This year, Amazon and Best Buy started their Black Friday sales a full week early on Nov. 17. Target began offering seasonal discounts on Nov. 19.
Lowe's got going with its holiday sale on Oct. 26, advertising it with the paradoxical slogan: Black Friday Every Day.
Retail experts say businesses know that shoppers will spend generously during the holiday season, and longer sale windows give companies more time to go after the at least $957 billion shoppers are expected to shell out in person and online this year.
"They're probably not running longer promotions out of the goodness of their heart," said Kelly Goldsmith, a marketing professor at Vanderbilt University. "They're probably running longer promotions out of a planned strategy in order to recruit more customers and accrue more revenue through doing so."
Competition may also play a role, Goldsmith said. If your competitor starts its Black Friday sale early and threatens to steal away some of your potential customers, you might choose to move up your sale, too.
On top of that, customers themselves are starting their holiday buying earlier. A RetailMeNot survey released in September found that 83% of shoppers said they intended to start their holiday shopping before Thanksgiving — with 64% saying they'd start buying gifts beginning in October or even earlier.
OK, but are these sales actually any good?
The short answer is, yes, products actually are discounted during Black Friday sales.
According to Adobe Analytics data, discounts this holiday season will hit record highs of up to 35% off the list price, with the best deals occurring from Thanksgiving through Cyber Monday.
Adobe estimated that discounts could be as high as 20% between Nov. 1 and Nov. 17 and remain elevated — up to 16% off — in the days after Cyber Monday.
One way to know you're getting one of those deals rather than a sale in name only is to use a price comparison tool. Websites like camelcamelcamel, for example, allow you to track the price of an item over time to suss out if the Black Friday cost is truly a bargain and avoid an inflated price tag.
The longer Black Friday sale windows, while they may benefit retailers, can also help consumers by giving them more time to shop around for the best price on a specific item. Shoppers may also take the time to hold out for a steeper discount, since stores may change the price of an item over the course of their sale.
But McGrath says shoppers might want to make their purchases early in a Black Friday sale, especially in the case of high-demand items that could sell out quickly.
You can still find discounts, but Black Friday isn't as simple as it used to be
All in all, consumers can still win out during Black Friday sales, because the abundance of discounts means that people buying a variety of goods will most likely save money overall.
"Throughout the year, a retailer might throw a random sale and those items will hit the same low [prices]," McGrath said.
"But when it comes to these big sale events like Black Friday, the advantage to the consumer is there's a bunch of stuff on sale all at one time, so it's kind of a more efficient way to get things on sale than it is to hunt and peck throughout the year."
Still, that doesn't mean sorting through the thicket of holiday sales is easy for even the most eagle-eyed shoppers. What used to be a one-day sale across the economy is now a constellation of deals, discounts and promotions that each retailer does differently.
And while shoppers may still save money, it's not likely to get any easier for them to navigate the many Black Friday sales anytime soon.
"I wonder if at some point we will hit that tipping point where they just become so long, these sales," McGrath said, "that they're meaningless or that they have so many rounds that it confuses consumers."
veryGood! (42488)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Retail spending dips as holiday sales bite into inflation
- The sports ticket price enigma
- Kate Spade 24-Hour Flash Deal: Get This $260 Crossbody Bag for Just $59
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- What Would It Take to Turn Ohio’s Farms Carbon-Neutral?
- Shop The Katy Perry Collections Shoes You Need To Complete Your Summer Wardrobe
- Ben Stiller and Christine Taylor Make Rare Red Carpet Appearance With 21-Year-Old Daughter Ella
- A White House order claims to end 'censorship.' What does that mean?
- Middle America’s Low-Hanging Carbon: The Search for Greenhouse Gas Cuts from the Grid, Agriculture and Transportation
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- What Will Kathy Hochul Do for New York Climate Policy? More Than Cuomo, Activists Hope
- Market Headwinds Buffet Appalachia’s Future as a Center for Petrochemicals
- Ricky Martin and husband Jwan Yosef divorcing after six years of marriage
- The Grammy nominee you need to hear: Esperanza Spalding
- Passenger says he made bomb threat on flight to escape cartel members waiting to torture and kill him in Seattle, documents say
- Lily-Rose Depp Shows Her Blossoming Love for Girlfriend 070 Shake During NYC Outing
- In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend
Recommendation
Travis Hunter, the 2
Eminem's Daughter Alaina Marries Matt Moeller With Sister Hailie Jade By Her Side
Kate Spade 24-Hour Flash Deal: Get This $260 Crossbody Bag for Just $59
Jon Hamm's James Kennedy Impression Is the Best Thing You'll See All Week
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
The Fed continues its crackdown on inflation, pushing up interest rates again
Close Coal Plants, Save Money: That’s an Indiana Utility’s Plan. The Coal Industry Wants to Stop It.
Arizona secretary of state's office subpoenaed in special counsel's 2020 election investigation