The biggest shopping blitz of the year, Black Friday, is quickly approaching.
Here are the five retailers with the best deals and their average discount rates for the holiday:
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).
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.
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.
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).
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.