Surviving Black Friday/
In my many years working in retail I have picked up a few tips and tricks on getting the best bargains for the holidays and possibly save some time.
Black Friday is known as being one of the best day for sales, but that isn’t always the case. When the ads come out make sure to go through and compare them with what the sales usually are. Most department stores have sales that range from 30%-50% at any given time. If the ads for Black Friday don’t beat what the usual sales are don’t bother shopping that day.
Keep a close eye on the news. In bad economies people buy closer to need. What that translates into is that people will spend money closer to the holidays than in advance. Holiday sales are expected to be moderate this year, but if the sales are lower than expected on Black Friday than bigger sales will be coming. On the same note if you notice that a particular store seems emptier than usual (the busiest times are usually Saturdays, Sunday afternoons and weeknights mostly Friday) keep an eye on their sales. They might start slashing prices closer to Christmas.
Be wary of the extra discount that comes with opening a store credit card. It might be tempting to say an extra 10%, but they get you in the long. Most store cards come with a 20%+ interest rate, high credit limits, and low monthly payments that keep you in a vicious cycle of never being able to pay it off. If you do open a card pay it off at the register.
Do your homework. Check the ads. Compare the prices. Know what you want before you go.
Know what you want prior to the big day. The week before Thanksgiving is when the floor is getting set for the big day. Extra tables will appear, racks get moved, and the shelves are being stuffed. Most stores don’t come in on Thanksgiving to stock shelves so the way the store looks Wednesday is how it will look Friday. Know where what you want is. Scope out the racks and have a game plan.
Finally stores that advertise too good to be true prices don’t stock many of that item. If you want that 40″ flat screen for $50 get there early. The store most likely has only a hand full in stock.
Do you go out on Black Friday? What’s strategy?