Wednesday, November 18, 2015

Some Black Friday retailers reusing last year’s big deals – Chron.com

According to a study by financial blog WalletHub those amazing door-busting Black Friday deals that some of us line up for hours for aren't actually so special after all. Often the deals are recycled year to year.

WalletHub says that they have found that some 11 percent of all Black Thursday and Black Friday deals are recycled this year from last year. 

Retailer Big Lots is apparently the biggest offender, repeating nearly 17 percent of its offers. Staples, the office supply store, recycles the least with just 5 percent of deals repeating.

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The blog also ranked the best retailers that actually offer up deals instead of bluster. According to WalletHub, shoppers looking for a decent cut in prices should shop at JC Penney on Black Friday who they say typically offer up an overall discount rate of 68 percent.

Costco ranked very low with just an overall discount rate of 20 percent.

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But shoppers should relax they say, noting that the overall average discount for Black Friday is 40 percent among the retailers the site examined.

Don’t discount online deal market Groupon next week either as it is poised to offer up nearly a 64 percent overall discount rate on goods and services.

Almost every year consumers balk that the deals aren’t all that they are cracked up to be, but that doesn’t stop people from queuing up annually in the cold weather.

Walmart stores will open their doors for Black Friday at 6 p.m. on Thursday, Thanksgiving Day—which many in past years called a move to step in front of the competition. It has pushed other retailers like Toys R Us, Best Buy and Target to follow.

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It also prompted some blowback from Americans upset to see shopping promoted on a day traditionally reserved for family time. In October, major outdoor retailer REI latched onto the movement and announced it would close on Black Friday.

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Of course times are changing and some people are forgoing the long lines and full-contact shopping to go at their own pace.

About 56 percent of shoppers have already begun shopping as of early November, according to the National Retail Federation’s new spending survey released last week.

The results are further proof that Thanksgiving weekend — while still significant for the season — no longer starts things off, even though the season’s best deals typically have yet to appear this early.

It appears that some people would rather retain their sanity, not to mention holiday family time, and pay a bit extra for gifts if that is what is called for.

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