Black Friday is coming. The day when men across the country will stand in line for hours to get a new TV pretending it’s a Christmas present for their wife. When people line up outside Macy’s at 5 a.m. to get the clothes they’ve been obsessing about.
But some Black Friday prices are a ripoff, so don’t set your alarm clock for 4 a.m. just yet.
Data shows that 17% of Black Friday promotions are more expensive than prices on Amazon, according to data collected by WalletHub.
This is significant, considering about 10% of people plan on spending more than $750 on Friday, according to a poll by BestBlackFriday.com. A sizable 22% will spend between $501 and $750, and 30% will spend $251 to $500.
The poll surveyed 1,140 people between September 28 and October 16.
So what “bargains” do you need to avoid?
WalletHub’s analysis shows that products across the board can be more expensive than they were weeks earlier.
The Playmation Marvel Avengers Starter Pack Repulsor, for instance. That could have been purchased for $69.99 between October 26 and November 19. But on Black Friday the price will be $114.25.
Same thing with this KitchenAid Artisan Stand 5-qt. mixer.
You could find it for $279.99 on JCPenny’s website between October 26 and November 19 — but it’ll be $20 more on Friday.
And again with the Nikon D3300 24.2 MP CMOS DSLR Camera Bundle. You could have found it for $446.95 on Target’s website between October 26 and November 19, but will be priced at $499.99 on Friday, based on advertisements.
If you do plan on buying things on Friday, WalletHub’s info shows that you should focus on media. Items like books, movies and music will have the biggest markdowns. Video games and toys are the second most marked down categories.
In the same survey by BestBlackFriday.com, 80% of respondents said that despite claims by retailers that deals were “once in a lifetime,” the savings weren’t actually improving from previous years.
The website looked into it; here’s what they found.
Amazon actually started its sales on November 21 and will run them through the 27th.
But hey, if you choose not to shop, consider going outside. A host of national parks around the U.S. are offering free admission on Black Friday, so you’d still be saving money. And the best part? No need to pop a Xanax or elbow other people as you race toward shelves of crap.
We’re five weeks away from January sales after all…