The holiday season is usually the best time for shoppers to take advantage of great sales, and this year is no exception. At least three major retailers are sitting on excess inventory this year, motivating them to offer special discounts ahead of Black Friday. According to data from the U.S. Census Bureau, retailers had a record $732 billion in inventory as of July—a 21% increase over last year.
Three retailers worth paying attention to:
- On Oct. 11 and 12, Amazon ran a second Prime Day event that consumers were genuinely excited about. That doesn’t mean the deals are over until late November, though. Amazon regularly discounts items ahead of Black Friday and the holiday season, and there is no reason we shouldn’t expect to see significant deals in the coming weeks.
- Target ran a Deal Days promotion October 6-8. If you visit the retail giant’s website today, you will continue to find advertised Black Friday deals. Given Target’s reputation for its competitive prices, it’s worth a look to see what items it has at a discount.
- Walmart recently announced plans to offer many holiday discounts beginning in early November. Those customers who do much of their gift shopping at Walmart won’t have to wait until Black Friday to find discounts, nor will they have to wrestle with their fellow shoppers while attempting to get their hands on doorbuster deals.
Why it pays to shop ahead of the holidays: