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2023’s best places to shop on Black Friday, WalletHub study

BALTIMORE, MD—With last year’s Black Friday sales drawing 122.7 million Americans to shop in person and 130.2 million to shop online, the personal-finance website WalletHub this week released its report on 2023’s Best Places to Shop on Black Friday to help consumers maximize their savings.

Best Black Friday Retailers (Avg. Discount)
1. JCPenney (59.12%) 6. BJ’s (30.11%)
2. Macy’s (58.19%) 7. Best Buy (29.78%)
3. Belk (54.76%) 8. Amazon (28.48%)
4. Kohl’s (48.81%) 9. Walmart (26.88%)
5. Target (32.70%) 10. Dell (25.79%)

Key Stats

  • JCPenney has the highest overall discount rate, at 59.12 percent, whereas Costco has the lowest at 17.07 percent.
  • The overall average discount for Black Friday is 35 percent. Consumers should aim for this discount amount or higher to avoid Black Friday traps.
  • The “Apparel & Accessories” category has one of the biggest shares of discounted items, 15.72 percent off all offers, whereas the “Consumer Packaged Goods” category has the smallest at 4.16 percent.

The full report can be viewed online here.

Visit the Black Friday deals shop on Amazon here.

More in the video below.

Photo by Pixabay from Pexels

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