Current:Home > FinanceThese are the best days of the year to shop for holiday deals on electronics -Thrive Financial Network
These are the best days of the year to shop for holiday deals on electronics
View
Date:2025-04-14 06:29:42
Some types of consumer electronics are already discounted more than a month before Christmas Day, but retailers are expected to roll out the sweetest deals of the year during the traditional price-slashing window between Black Friday and Cyber Monday.
Through November 16, shoppers can find 10% to 20% discounts on televisions, video game consoles, computers and other tech gear, according to Adobe Digital Insights. That lets consumers get a jump on their holiday shopping while still saving money.
"Now is a good period for consumers," Adobe Digital Insights manager Vivek Pandya told CBS MoneyWatch.
- See CBS Essentials for info on tech deals and buying guides
But consumers will have to weigh what is most important — getting the best deal or ensuring they getting the exact tech product they want.
"What they are negotiating is waiting for best discounts between Thanksgiving and Cyber Monday, or trying to get some of these items before they sell out," Pandya said.
When to find peak discounts
For shoppers who want to hold out for the greatest savings, it could pay to wait for the "Cyber Five" period, the five-day span between Thanksgiving and Cyber Monday, to buys products like TVs and sound systems. Other electronics will be discounted by as much as 30% on Cyber Monday, according to Adobe.
For TVs, look for discounts on Black Friday, which this year falls on November 24. The best day to shop for deals on computers will be Saturday, November 25, according to Pandya.
But retailers are nimble, and if they don't clear enough inventory during that period, they can introduce surprise discounts on other dates too.
"There are going to be competitive moments to get discounts throughout the season," he noted.
After Cyber Monday on November 27, discounts are likely to weaken but will remain as high as 16% off, Adobe projects.
Melissa Tatoris, vice president of retail at Zeta Global, also expects the best electronics deals to land on Cyber Monday, although shoppers could still find deep discounts later in the season.
"Retailers will be flexible if they have to go a couple basis points deeper toward the holidays because they didn't clear their inventory," she told CBS MoneyWatch.
After Christmas, retailers typically mark down any remaining seasonal inventory.
In years past, the best day of the year to score deals on electronics typically fell after Christmas on Dec. 27. But retailers are not expected to have a lot of excess inventory on hand this year.
"The risk with waiting until after Christmas is that typically that is when retailers mark down their extra seasonal inventory. However, retailers this year are signaling that they are doing a better job with forecasting and that their supply chains are in better shape," Deloitte retail strategy principal Brian McCarthy told CBS MoneyWatch.
"As a consumer, I could take my chances in getting a post-Christmas deal, but would risk the chance of not having a lot of selection," he said.
- In:
- Black Friday
- Holiday Season
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace issues, the business of health care, consumer spending and personal finance topics. She regularly appears on CBS News streaming to discuss her reporting.
veryGood! (1653)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- U.N. experts say Gaza children dying in Israeli targeted starvation campaign
- 2-year-old Arizona girl dies in hot car on 111-degree day; father says he left the AC on
- Ellen DeGeneres Says She's Done After Netflix Special
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Gen Z is experiencing 'tattoo regret.' Social media may be to blame.
- Deep-fried bubblegum, hot mess biscuits: Meet the 2024 Iowa State Fair's 84 new foods
- Drake places $300,000 bet on Canada to beat Argentina in Copa America semifinals
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Senate Democrats ask Garland to name special counsel to investigate Clarence Thomas
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- College can boost your income by 37%. Here are the top schools for the best financial outcomes.
- Buckingham Palace opens room to Queen Elizabeth's famous balcony photos. What's the catch?
- Wisconsin secretary of state settles open records lawsuit brought by conservatives
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- What water temperature is too hot to swim? Here's how hot the ocean is in Florida right now
- Seeking carbon-free power, Virginia utility considers small nuclear reactors
- Sifan Hassan to run the 1500m, 5000m, 10,000m and marathon at the Paris Olympics
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
McDonald's unveils new Kit Kat Banana Split McFlurry: Here's when you can get it
Arizona election worker accused of stealing a security fob also charged with other crimes
Beryl live updates: Heat drives Texans to sleep in cars amid outages while the North floods
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme
Relive Every Sweet Moment of Alexis Bellino and John Janssen's Whirlwind Romance
NYC man and Canadian national plead guilty to exporting U.S. electronics used in Russian weapons in Ukraine