Been eyeing up a new Xbox Series X? A trendy coat? A leather sofa or coffee table? Perhaps you’re simply desperate to get your hands on some cut-price Christmas gifts and toys?
Whatever the case, it’s important to make sure that the deal you’re getting is really worth your cash, and that you’re not being swept up by savings on something you didn’t originally want or need.
This year, many will be hoping to make savings on big ticket items, but will also be watching what they spend more closely – as the cost of living crisis continues to squeeze UK wallets.
So, to examine whether Black Friday sales are really worth it, metro.co.uk spoke to top retail analysts and consumer experts to dig deeper into the phenomenon.
Are Black Friday’s deals all hype and no substance?
The expert opinion on Black Friday is mixed. Some say the deals are worth it, while others disagree.
Retail analyst Clive Blacktold metro.co.uk that the major shopping trend is, effectively, just a cash grab by retailers – and has been ‘losing its luster for a few years’.
‘Quite a few companies tried to sell consumers a whole load of stuff that was pre-meditated, or pre-bought specifically for Black Friday. As opposed to being a genuine sale.’
Clive notes that it’s on the decline – with several major UK supermarkets ‘barely participating’ in recent Black Fridays.
Thinking about future Black Fridays, Clive predicted that the focus will shift to sustainability.
Something buying loads in the sales doesn’t necessarily encourage, we must admit.
He explains: ‘The days of fast fashion to the point of buying stuff and not wearing it again… I think those days are coming to an end.
‘The sustainability agenda is starting to weave its way into people’s minds: “Do I really need that? Is this tattoo? Am I better taking someone out for a beer rather than buying [them] some tat?”
‘This has been going on for three or four years now. But there’s a changing attitude that values, relationships and experiences [matter] more than consumer goods.’
Ultimately, Clive reckoned Black Friday’s future isn’t a bright one – but that us consumers will be the ones to make the final judgment call.
I think [there will] be a gradual reduction in [the] power [of Black Friday]… I don’t see it being what it was five or six years ago. That massive, chaotic purchasing of stuff just for the sake of it.
‘I sense more folks are starting to suss out what Black Friday has actually been about. And hence, the shopper will ultimately determine what Black Friday becomes.’
So when is Black Friday worth it, if ever?
Beyond hype and retailers trying to make a profit, surely there must be some benefit to the consumer?
Well yes. But you’ll need to be smart about it to make it really worth it, say the experts.
Clive suggests that – if you’re barmy for a specific brand – there’s no harm in perusing their website to see what’s on offer.
‘I wouldn’t say that you that shoppers should just ignore Black Friday,’ he shared, ‘But they should be prepared to be disappointed. And if they can [find] a bargain, then: OK, fair enough.
‘Shoppers are savvy – and I think they’ve sussed that Black Friday is a lot of huff and puff and hype.
‘In terms of what shoppers know they like, they should be alive to those brands throughout the year. You tend to find there are more frequent smaller sales now than big clearances.’
Tom told metro.co.uk: ‘Black Friday is typically where consumers go for technology, household appliances and furniture – and for good reason.
‘These sectors are usually where the biggest discounts are applied, so it’s a great time to pick up a new TV, set of headphones or sofa.’
Ultimately: only you can decide if your potential Black Friday purchase is truly worth it. After all, it’s your own money you’ll be spending – nobody else’s.
How to game Black Friday and ensure you get a good deal
There are a few ways to ensure you’re getting the best deal this Black Friday.
But they all involve doing your homework, so you’ll be paying not with cash but effort. Hey, nothing good comes for free, right?
Make a strict budget
Firstly, decide in advance what you want or need to buy.
Don’t let yourself get carried away with unnecessary purchases – unless, of course, you’ve got the cash to burn!
James Andrews, Senior Personal Finance Editor at money.co.uktold metro.co.uk: ‘The key thing to do is to make sure you’re actually getting a bargain – not just a hyped up price cut.
‘If you are going to bag a bargain on Black Friday or Cyber Monday, don’t go in blind. Start by making a wish list and noting what the current price is for the items on it.
‘This will help you avoid buying things you don’t need just because they’re on offer. If you’re planning to do Christmas shopping, your list should answer both who you’ll buy for and what you plan to spend on each person.
‘Once you have your wish list, you can set a budget. Black Friday isn’t a day for browsing the shops and buying what strikes your fancy, it requires a strategic approach.
‘If you come across something that’s not on your list, only buy it if you’re willing to cut something else from your budget.’
Think carefully about long-term value
If you’re looking for an expensive piece of tech like a laptop, smartwatch, gaming system or TV, make sure you know which brand, model or what specifications you need.
And think carefully about what kind of warranty or repairs it may need.
James warns, ‘In terms of what items to buy on Black Friday weekend, history tells us that certain items get much steeper discounts than others.
‘Large screen TVs can be a good purchase, but be warned, the steepest discounts are generally on mid-range TVs, rather than premium sets.
“Other good options include older generation tablets and laptops, although not usually Apple products, video game console bundles with extra additions such as games and controllers, smart home devices, headphones and home appliances.
‘Another thing to be wary of when looking at Black Friday deals are the potential pitfalls that come with the purchase. Don’t just look at the price of the item. There are useful extras that brands like John Lewis, AO and Argos offer that Amazon often don’t.
‘With items that you’ll use for years at a time, such as household appliances like vacuum cleaners or kitchen sets – you’ll want to pick up a long guarantee with your purchase.
‘The cost of repairs to some appliances can be huge, so it can be well worth paying a little bit more elsewhere to save you money in the long run.’
Cross-check if it’s really a bargain
OK, so you’re in budget, sticking to your wish list, and you’re happy with what the item offers. What next?
Tom says you need to check the size of the ‘discount’ against the RRP (Recommended Retail Price) – using a number of sources, not just the site you’re buying off.
‘As you browse through bargains, make sure the product you’ve got your eye on is a genuine bargain – it’s worth checking the RRP to ensure it’s a real deal.’
On Black Friday itself, start looking at different retailers to see what prices are being touted, too.
Keep in mind that Black Friday might not always offer the cheapest or most reasonable deal you can do.
Which? discovered some shocking information in a 2019 investigation: 85% of products advertised in Black Friday sales were cheaper at other times of the year.
Their research found that only 1% of 219 home or technology products advertised as ‘Black Friday deals for 2019’ had been at their lowest price on Black Friday itself.
The vast majority (85%) cost either the same price or less before and after the big sale day – with a whopping 98% actually cheaper to buy after Black Friday.
Don’t fall for that hype. To check past prices on Amazon, use camel camel camel to monitor when the item you want is usually at its cheapest.
When it comes to the hundreds of Black Friday guides on the web, make sure you’re reading a brand you trust to give you solid advice (like this one).
metro.co.uk has its own picks for top beauty deals, tech buys and more here.
Don’t get suckered in
And finally: if you’re feeling iffy about a purchase, it’s not the end of the world to click ‘delete basket’.
Deals often continue throughout Black Friday weekend to Cyber Monday. And the January sales are just weeks away….
James says this could be the ticket to an even better bargain, adding: ‘You can sometimes find better deals during end of season sales, Boxing Day sales or a couple of days before Christmas itself.
‘Meanwhile, some retailers discount products in the days and weeks after Black Friday to get rid of stock left over from the big event.’
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