Finding best deals: Black Friday is for retailers

Posted to Statistics  |  Tags: ,  |  Nathan Yau

There’s so much emphasis and attention on Black Friday, the day of sales after Thanksgiving in the states. People line up for hours before stores open at midnight in hopes that they’ll be able to get the best deal, but it looks like Black Friday isn’t even the day to get the best deals:

For higher-end electronics, Mr. de Grandpre’s trends show, shoppers should wait until the week after Thanksgiving.

“Black Friday is about cheap stuff at cheap prices, and I mean cheap in every connotation of the word,” Mr. de Grandpre said. Manufacturers like Dell or HP will allow their cheap laptops to be discounted via retailers on that Friday, but they will reserve markdowns through their own sites for later.

When later? Cyber Monday is a good day to buy.

On a whim, we found ourselves at a midnight Black Friday at the mall. I was like, “Eh, it shouldn’t be that busy this late at night.” So wrong. The avoidance of large crowds is enough of an incentive for me to wait. Although if I were a young, teenage girl in the market for a nice pair of boots, I suppose I might sing a different tune.

[New York Times via @drewconway]

1 Comment

Favorites

Jobs Charted by State and Salary

Jobs and pay can vary a lot depending on where you live, based on 2013 data from the Bureau of Labor Statistics. Here’s an interactive to look.

Watching the growth of Walmart – now with 100% more Sam’s Club

The ever so popular Walmart growth map gets an update, and yes, it still looks like a wildfire. Sam’s Club follows soon after, although not nearly as vigorously.

Where Bars Outnumber Grocery Stores

A closer look at the age old question of where there are more bars than grocery stores, and vice versa.

Years You Have Left to Live, Probably

The individual data points of life are much less predictable than the average. Here’s a simulation that shows you how much time is left on the clock.