Thanksgiving Will Top Black Friday for the Best Deals

Photo (cc) by Mr.TinDC

This post comes from Louis Ramirez at partner site DealNews.

One of the biggest myths about Black Friday is that the best deals will be on Friday itself. The writers and editors at DealNews curate the best sales during this time, and we’ve noticed that in recent years stores have increasingly started releasing their deals earlier and earlier.

But if Black Friday is no longer the starting point, when should shoppers be looking? And, while we’re at it, is Cyber Monday as good as it seems? We plotted our Editors’ Choice deals, the sales that offered all-time price lows or best-of-the-year discounts, from 2013 to find out.

BF EC Chart

For the second straight year, Thanksgiving Day beats Black Friday

By now, we’re used to the idea of retailers opening their doors early on Thanksgiving Day. However, what consumers don’t yet realize is that the deals you’ll see on Thanksgiving Thursday will be better than those released Friday. In fact, here at DealNews we found that Thanksgiving Day has 29 percent more Editors’ Choice deals than Black Friday.

Moreover, Thanksgiving has seven times as many Editors’ Choice deals than the average day in November, which is already a busy month for sales. Needless to say, consumers looking to save money should begin shopping as early as possible and not wait until Black Friday.

Cyber Monday tops Black Friday for the first time

While Cyber Monday still cowers in comparison with Thanksgiving, which features 16 percent more Editors’ Choice deals, the day dedicated to e-commerce came into its own last year, offering more top-shelf deals than Black Friday proper.

That said, our data indicates that Cyber Monday shoppers should consider shopping early, as the Saturday and Sunday leading up to Cyber Monday see a 40 percent increase (combined) in Editors’ Choice deals compared with the previous weekend’s count. The message is clear: Though you’ll certainly find great deals on Black Friday and Cyber Monday, the days before are equally important, if not more so, because these shopping holidays are no longer about a single day.

Expect to see monthlong savings

While it may sound as though consumers should do all their shopping on Thanksgiving Day, the truth is that the entire month of November will see blockbuster sales. So if you see the item you want at a price that suits your budget, by all means don’t wait to purchase that item later.

If you’re still uncertain, our editors will post several Black Friday sales critiques as the initial wave of circulars are leaked. Each post will highlight that store’s best deals, while taking into account deals found in other circulars.

Although the season was designed to benefit the retailer’s bottom line, with our help, you can avoid overspending and take advantage of the sales that are true doorbusters.

More on DealNews:

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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