There’s only one thing that’s more anticipated than a backyard barbeque during Memorial Day weekend and that’s the announcement of store sales and steals.
From furniture to spring apparel, it seems like every store in America competes for the attention of savvy shoppers and penny pinchers alike, but not all sales are created equal.
We debunk the myths of when it’s actually the best time to buy certain sale items and whether the popular three-day weekend boasts the best bargains.
Buy, Buy, Buy!
To buy or not to buy? That is the question. In this case, you’ll want to buy these next six items during Memorial Day weekend, as they tend to have the best sale prices of the year.
Spring Clothing and Swimsuits
Spring into action this Memorial Day weekend and purchase your spring apparel and swimsuits. According to DealNews, a comparison shopping website for consumer products, retail chain stores like Kohl’s, J.C. Penney, Macy’s and Old Navy are expected to have high discounts on these items.
Be sure to avoid purchasing summer apparel, as the best deals for summer clothing usually emerge in August and September, when retailers are usually making room for their fall inventory.
Appliances and Cookware
Memorial Day sales are typically tailored to appliances and cookware, with sales on home items and kitchen supplies at retailers like Best Buy, Home Depot, Lowe’s and Sears, according to Kiplinger.
You can find great deals on:
Washing and drying machines
The best deals will be reflected on refrigerators, according to Time magazine . Newer refrigerator models are typically released at the beginning of summer, making older models decrease in value.
Home and Office Furniture
May is a great time to purchase home and office furniture.
DealNews suggests this may be as a result of the aftermath of Tax Day in April, as people start to set up home offices. This drop in prices can also be attributed to stores moving out indoor furniture to make room for outdoor living sets for patios and decks.
Most of the items that go on sale include:
Spring sales on home and office furniture are sure to be at their peak in May at retailers like J.C. Penney and Kohl’s.
May is an ideal time to buy a mattress because of the low prices and variety of choices. Stores like Macy’s, Sears and local retailers will typically offer discounts on a large selection of mattresses from brands like Tempur-pedic, Amerisleep and Serta iComfort as well as Sealy Posturepedic, Beautyrest and store-brand mattresses like MacyBed.
Keep in mind that while May could be the best month of the year for overall mattress sales, DealNews suggests that June may have individual deals on select mattress brands.
While the variety of inventory might be more limited in June, you’ll still have a great chance to score a deal on a new mattress, if you don’t have a preference to a specific brand.
TVs and Other Electronics
While the best deals on HDTVs typically occur in January and February, Memorial Day markdowns are pretty good as well. Other great buys include:
Streaming media players
Amazon and Best Buy typically tout great discounts on electronics during Memorial Day.
Want to get away and avoid high season price bumps? May is a great time to book your summer travel, according to DealNews.
Hotels and vacation packages from sites like Hotels.com and Travelocity are available for those ready for a change of scenery.
Stop! In the Name of Sales
Not every Memorial Day sale is a steal. These next five items should be purchased after the hype of the three-day weekend dies down.
While you might find some great deals on electronics during Memorial Day sales, it’s actually better to wait until later in June for items like laptops, as most stores offer back-to-school sales.
Additionally, Time magazine notes that Father’s Day is also a good time to buy laptops, as most retailers push electronics during this time.
Grills and Patio Furniture
Since the holiday usually kicks off a season of backyard barbeques, avoid purchasing a grill in May. Grill prices are at their peak during the spring and summer season due to their high demand.
According to Time, grills, patio sets and other summer outdoor items are the worst buys at the beginning of the warm-weather season.
Wait instead until Labor Day, when prices will drop to make room for fall merchandise.
Much like outdoor furniture, lawnmowers will be in high demand during May, in preparation of summer, so it’s no surprise that prices will be pretty high during Memorial Day weekend.
If you don’t absolutely need a brand new lawnmower, it makes more sense financially to wait until the end of summer to buy one.
Memorial Day weekend is a great opportunity to take advantage of a number of sales, as long as you know which items to buy.
Follow these suggestions for the best possible sales on everything from home furnishings to clothing.
What sales are you shopping for this Memorial weekend? Let us know in the comments below.
The post Memorial Day Sales: When to Buy and When to Wait appeared first on ZING Blog by Quicken Loans .