Mark Roger Bailey Shutterstock
2228131915
Montclair, CA - Nov 14, 2022: The JCPenney department store at Montclair Place mall serves families in the expanding Inland Empire. JCPenney operates 669 stores across 49 states.
Black Friday is a goldmine for savvy shoppers looking to snag the best deals of the year. With 76.2 million Americans hitting the stores and 90.6 million scouting online sales last year, there's no doubt this shopping event is a major opportunity to save big. According to the personal-finance website WalletHub, those looking for the Best Places to shop on Black Friday will find the biggest discounts from Plano-based retailer JCPenney.
With over a dozen locations throughout the Dallas-Fort Worth area, brick-and-mortar shoppers will have plenty of access to JCPenney’s leading overall average discount, which is well above the pack at a staggering 76%.
Other top contenders for Black Friday deals include Belk, with a 72% average discount, and Macy’s, offering 57%. If you're a fan of department store shopping, these are excellent options to keep on your list.
Meanwhile, retailers like Kohl's and Walmart present competitive discounts too, at 44% and 37.75%, respectively.
Shopping online? Keep an eye out for deals from giants like Amazon and The Home Depot, each offering average discounts around 32%. For those looking to fortify their tech arsenal, the "Computers & Phones" category is particularly promising, with 29.32% of deals falling into this grouping.
However, be cautious of Black Friday traps. The personal finance website WalletHub suggests aiming for an overall average discount of 38% or higher to ensure you're truly getting a bargain. Keep a vigilant eye on the discount rates and avoid impulse buying personal goods, which typically feature the lowest discounts at a mere 2.43%.
To maximize your savings, focus on high-discount retailers and prioritize your shopping list. Whether you’re browsing the aisles in person or surfing through online deals, a little strategy goes a long way.
Best Black Friday Retailers (Avg. Discount) per WalletHub:
1. JCPenney (76.20%)
2. Belk (72.68%)
3. Macy’s (57.13%)
4. Kohl's (43.55%)
5. Walmart (37.75%)
6. The Home Depot (32.43%)
7. Amazon (32.05%)
8. BJ’s (28.86%)
9. Target (28.65%)
10. Best Buy (28.43%)