As Black Friday approaches, a noteworthy warning has emerged from consumer experts. According to recent reports, the anticipated substantial price reductions in technology products will not materialize this year. Instead, it's pointed out that the most significant discounts have surfaced in basic consumer goods, such as toilet paper. It's also emphasized that some retailers appear to have increased prices only to give the illusion of a discount.
Research conducted by consumer groups has revealed that a significant proportion of the discounts offered during the Black Friday period can also be found at other times throughout the year. This is particularly true for electronic products, where similar levels of discounts are noted to be available during various months of the year.
However, experts highlight that the most striking deals this year have emerged within the realm of household consumer goods. Toilet paper, dishwasher tablets, and cleaning products are among the categories experiencing the steepest price drops. Consequently, if consumers are looking to save money, it is recommended that they prioritize these items.
Consumer advocates are claiming that some retailers are creating a false perception of substantial discounts by raising prices days before Black Friday, only to reduce them back to their original level during the sale period. Despite being legal, this practice can influence consumer decisions.
When tracking the history of prices, it is evident that there have been notable reductions this week, particularly in products like toilet paper. Analysts are suggesting that making bulk purchases today can provide cost advantages in the long run.
However, retail analyst Catherine Shuttleworth warns, 'Hoping to find cheaper options later this year is risky because products can sell out quickly.'
As Black Friday shopping looms, there's a notable surge in counterfeit sites, imitation products, and unreliable sales links. Specialists at Citizens Advice underscore that rushing to make purchases during this period plays right into the hands of scammers. Prices that appear too good to be true, usually harbor risks.
Moreover, it's pointed out that unverified sellers on social media campaigns are targeting consumers as well.