Jay Mathur in Port aux Basques, says there are some things to be on the lookout for if venturing into Black Friday sales, whether it be online or in store.
Mathur, who runs an e-commerce business, says some retailers use limited quantity or buy now campaigns to keep the impulse high in shoppers.
What’s more, he said, some products such as televisions even have specific models that are rolled out during Black Friday events but have limited or less functional use than other products. He said most lower end models, specifically in televisions, will be the ones on sale with a dramatic price reduction.
“Those TV models are actually very limited. They have a limited number of outports. Maybe they’ll only have one HDMI port, no Ethernet port, it won’t have any smart features, the processor may be very slow, it may not have a lot of memory,” Mathur told CBC Radio’s St. John’s Morning Show.
“So the door-buster model that you’re actually buying, it may actually be one of the worst TVs for sale.”
Mathur said looking at the fine print on products, especially in electronics, will tell shoppers everything they need to know, and people should balance that against the “non-holiday” model.
Most products sold online will have a reviews section, written by happy or disappointed shoppers which should be used to help in decision making, according to Marthur.
But, said Marthur, it’s important to remember that some product reviews are compensated, meaning the company paid for the review.
“That doesn’t mean that it’s fake, it just means that the retailer provided the product for free or maybe gave some additional incentive, but consider maybe the reviews you’re reading may not all be 100 per cent factual,” he said.
American tradition comes to Canada
Black Friday means deep price cuts for shoppers looking to save a little extra on holiday gifts for friends and family as December draws nearer.
The annual savings event that has become a staple across the United States has quickly become a save the date of the calendars for many Canadian consumers.
Tom Cooper, an associate professor in the Faculty of Business Administration at Memorial University, says the event became popular first within border provinces — those that are neighbours with states to the south — who would make the journey to the United States to save on gifts, well before the boom in online shopping.
“Now it’s almost become part of the culture whereby people start to prepare their Christmas shopping and start to think about, ‘Is this a good time to go out, is this a good time to get the best deals of the season?'” Cooper told CBC Radio’s St. John’s Morning Show.
Cooper said the event has eclipsed Boxing Day sales events, in which companies are pivoting to have their stock out ahead of Christmas rather than after.
Now in the middle of a pandemic, and the current state of COVID-19 surges in pockets across Canada, Cooper said he believes most shoppers will now hold out until Cyber Monday — a similar concept to Black Friday but with a focus on online shopping.
Cooper said he would like to see a local Saturday event rather than Black Friday, where people flock to their local retail stores to buy gifts.
For small businesses, especially after a year in which many have closed and many more have struggled due to the pandemic, Cooper said the holiday season is going to be important for them.
“The benefits stay in the community, the benefits stay locally, both in terms of jobs but also in terms of making this a better place to live,” he said.
“Although chains are great, and I’ll still continue to shop at Sportchek and all those other great chains that provide really good products that you can’t necessarily get locally, if there is a choice then I think, once again, this is a great time to help local retailers,” he said.