NEW YORK (MainStreet) — Known as one of the largest and most important shopping days of the year, November’s Black Friday has become a cornerstone in the retail industry and experts are already making predictions for the big day.
Shopping website Brad’s Deals analyzed data from previous Black Friday deals to forecast what is expected to hit the shelves this year.
Black Friday, the day after Thanksgiving, has turned into a mega shopping week, beginning on the prior Tuesday through the following Monday, known as Cyber Monday.
While shoppers still wake-up during the wee hours of the morning on Black Friday to be the first ones at the stores to score deals, plenty of retailers opened on Thanksgiving night, leading to much scrutiny over asking employees to work on the holiday.
“You’re going to get a very good price on everything,” said Brad Wilson, CEO and founder of Brad's Deals. “Retailers work with the manufacturers as far as six months in advance to produce specific products with different model numbers to be sold on Black Friday.”
The retailer can afford to lower its profit margins on various items, on the heels of higher sales volume, given the tremendous hype surrounding Black Friday.
This also makes it tougher for consumers to use smartphone apps to conduct price comparison searches while in the store. Keep in mind, some of the electronics on Black Friday may be a slightly watered down version than what you would typically see in the store.
“Your television may have one less port, as the manufacturer is mass producing these products specifically for Black Friday,” Wilson says.
Some of the specials Brad’s Deals is predicting include:
- 32" HDTVs will fall as low as $78
- 4K TVs – as low as $399 for 50" models
- Samsung Galaxy Tab 4 for $99
- iPhone 6 + gift card for $189
- Xbox One and PlayStation 4 bundles for $399
- KitchenAid 4.5-qt stand mixer for around $100
- Dyson Vacuums starting at $250
- LeadPad tablets for $39.99
- Furby for $19.99
Wilson says it’s too early to pinpoint what day is best to shop during Black Friday week, but he says prices increase in the weeks after Thanksgiving. “During the last week of the year, you’ll see good deals, but it’s a little more hit or miss and inventory driven,” he said.
As robust and plentiful as the deals are on Black Friday weekend, don’t shy away from any deals you see now. “In late October, we’ll have a pretty decent idea of which days have the best deals,” he adds.
- Written by Scott Gamm for MainStreet. Gamm is author of MORE MONEY, PLEASE.