How to know if you're getting a good deal on Black Friday
Getty/Joshua Lott
- To get a good discount on Black Friday, make sure the item is discounted by at least 37%.
- WalletHub.com calculated this number based on an average of discounts it evaluated for its Black Friday report.
- It might still be worth buying an item if it rarely goes on sale or is otherwise hard to find.
Almost every retailer offers big discounts on Black Friday. But how can you be sure that that discount isn't just a bait and switch?
This year, the most important number in Black Friday shopping is 37%.
That's the threshold for a good deal, according to analysis by the personal finance website WalletHub, which took an average of all the discounts being offered by the 35 largest retailers participating in Black Friday.
Some retailers offer doorbuster discounts in limited quantities to lure customers into the store, but then only offer small discounts on other merchandise. Sticking to the 37% discount figure, which can easily be calculated on the fly, will ensure you won't be tricked by misleading Black Friday deals.
This number isn't universal, though. The 37% figure is an average of all categories, but some categories, like appliances or computers, typically offer a smaller discount. And, if you're looking for an item that rarely goes on sale or is hard to find, it might still be worth snagging the Black Friday discount even if it's less than 37%.
Still, it's a good rule of thumb to remember as you shop online or roam the aisles on November 24.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Feeling fatigued? 10 signs your body is craving protein
- Nourish and cleanse: 7 Superfoods for natural deworming power
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?