TIMES.KY

Cayman Islands, Caribbeanand International News
Saturday, Feb 04, 2023

Black Friday: Nine out of 10 deals are the same price or cheaper earlier in the year, investigation says

Black Friday: Nine out of 10 deals are the same price or cheaper earlier in the year, investigation says

Black Friday has become known as a day for big shopping bargains but an investigation has found that shoppers could be better off buying on almost any other day of the year.
Nine out of 10 Black Friday deals are the same price or cheaper in the six months before the day, according to an investigation.

The consumer group Which? looked at 201 of last year's Black Friday deals at six retailers - Amazon, AO, Argos, Currys, John Lewis, and Richer Sounds.

They recorded the prices every day in the six months before and after Black Friday, and on the day itself.

They found that 184 products - 92% - were the same price or cheaper in the six months before the day, while 98.5% were cheaper or the same price at some point in the six months afterwards.

Among the items were:

• A Zanussi ZWF81441W washing machine at John Lewis - £309 on Black Friday but £249 five months earlier and £289 within a month after the day

• A Bush BRC100DHEB 100cm dual fuel range cooker from Argos - £449.99 on Black Friday but the same price 66 times before then and 19 times after

The investigation also found that many shoppers do not research the products they are going to buy before they head to the shops.

This included a third of those buying baby and child products, 26% buying home appliances, and 22% buying tech products.

Ele Clark, Which? retail editor, said: "Take time to identify the products you really want and check that the 'deal' you're seeing represents a genuine saving.

"That way, you can beat the hype and be confident that you'll emerge from the Black Friday sales with quality products that will last for years to come - and all for a bargain price."

Black Friday is on the first Friday after US Thanksgiving - 26 November this year - and is known for scenes of chaos in American shops as people fight for bargains.

The retailers responded:

• Amazon: "We seek to offer our customers great value thanks to low prices all year round as well as a number of fantastic seasonal deals events.

"Our Black Friday sale is about thousands of deals on a huge selection of products from every category across the site, at a time of year when we know saving money is important to our customers. And the best thing about shopping online is that customers can easily compare prices, allowing them to make an informed purchase decision."

• AO: "Customers can get deals all year round at AO and Black Friday is the biggest opportunity to get genuine, great-value deals alongside our year-round price match guarantee."

• Argos: "We're committed to offering our customers a wide range of products at great prices throughout the year and our Black Friday deals are no exception."

• Currys: "In 2020 over 98% of our Black Friday promoted products were equal to or at their cheapest price from the previous six months and 54% of our products were at their lowest ever price.

"Black Friday represents one of the best times for customers to shop with us over the year. With our unique price promise, we won't be beaten on price. Full stop. This applies even during the Black Friday period."

• John Lewis: "As a participating retailer in Black Friday, we offer fantastic deals across technology, home, beauty and fashion - these are just some of the many promotions our customers can take advantage of throughout the year."

• Richer Sounds: "Prices fluctuate pretty wildly in our industry, both up and down for all sorts of reasons, but primarily availability from suppliers and the prices we have to pay to our suppliers.

"So, this can mean that products (annoyingly for all) may be sold in the following Black Friday promotion at prices that are higher than during the preceding year but rest assured that all the deals that we sell are at the keenest prices possible at the time of the Black Friday 'event' (which, please note, starts several days before the day itself)."
Newsletter

Related Articles

TIMES.KY
Close
0:00
0:00
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
UK chaos: Hong Kong emigrants duped by false prospectus
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
If a country is denied the right to independence by another, it is not in a union. It is in a dictatorship.
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
British PM Rishi Sunak pledges further action on strikes to 'protect lives'
×