The 5 retailers with the best Black Friday discounts

The biggest shopping blitz of the year, Black Friday, is quickly approaching.

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There are a lot of shocking sale off retailers for you to choose on the Black Friday

Here are the five retailers with the best deals and their average discount rates for the holiday:

5. Belk (60%)

Belk is offering its steepest discounts (about 60% off) on toys this year, followed by apparel and accessories (57% off), consumer packaged goods, (53% off), appliances (49% off), and consumer electronics (48% off).

4. Groupon (64%)

People enter and leave Groupon Inc corporate office and headquarters in Chicago, Illinois, November 4, 2011. REUTERS/Frank PolichThomson Reuters
People enter and leave Groupon Inc corporate office and headquarters in Chicago

Groupon is offering massive discounts in apparel and accessories, averaging about 84% off. It's also offering discounts of roughly 63% on consumers electronics and 40% off toys.

3. Stage Stores (64%)

Stage Stores, which operates the brands Stage, Goody's, Bealls, Palais Royal, and Peebles, is offering discounts of 63% in clothing and accessories and 60% in consumer electronics and appliances.

2. Kohl's (67%)

Kohl's is offering its steepest discounts (about 60% off) on clothes and accessories this year, followed by toys (49% off), appliances (43% off), and consumer electronics (41% off).

1. JCPenney (68%)

The best deals at JCPenney can be found in apparel and accessories, where the department store chain is offering discounts averaging 63% off, according to WalletHub. JCPenney is also offering 51% discounts on appliances, 41% on toys, and 45% on consumer electronics.

The WalletHub study also found that jewelry is the most discounted category across all retailers, with an average discount of 73%, whereas computers and phones are the least discounted at 31%.

Let's go to shopping now and don't forget to record your transaction on your Money Lover to check the saving till the month ends.

Source: http://businessinsider.com/