JC Penney and Macy’s top list of best Black Friday discounters; Walmart, Best Buy disappoint

This was actually interesting and, if I do say so myself, educational also.

According to Forbes, WalletHub surveyed 5,525 Black Friday ads from the 22 biggest U.S. retailers, including Walmart, Kmart, and Sears. WalletHub calculated the average discount offered by the retailers on Black Friday based on the standard price for each item — this allows them to highlight stores that discount more expensive products like electronics or jewelry.

 

JC Penney and Macy’s are offering the best deals, at an average discount of 65.44 percent and 53.52 percent respectively, while Rite Aid, a pharmacy chain, comes in just behind Macy’s at 53.34 percent. Rounding out the top five were grocery store chain Meijer — 50.85 percent — and Sears — 50.19 percent. Other retailers with notable discounts of between 38 and 47 percent include Walgreens, Office Depot and OfficeMax, Ace Hardware, Kohl’s, and Staples.

Walmart came in a distant 18th, close to the bottom of the list, with just 32.16 percent in average savings. The average was 39 percent for all the retailers.

Read the rest of the article.

 

Last modified on Saturday, 22 November 2014 17:05

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