If there's a silver lining to this economy, it's that retailers are going to be scrambling to get consumers in stores this holiday season, and that means bigger deals than ever before. "Retailers are already being aggressive with price cuts, and we've been seeing sales for the last couple of weeks. They will continue throughout the season," says Kathy Grannis, spokeswoman for the National Retail Federation. Here are some of the best tips for taking advantage:
Give clothing and electronics.
Apparel stores tend to use a large markup, which means it's easier for them to slash prices if need be.
Don't kill yourself on Black Friday.
Trust me, it's not worth it. This year, Black Friday isn't just a day, it's a season. About 40 percent of consumers started their shopping before Halloween.
Take advantage of electronics sales.
"When retailers are struggling, they concentrate on getting people in the door. There are two ways to do that: either an amazing new product or a sale. This year, there's no huge new product, so they'll have to drop prices," says Dan de Grandpre, CEO of DealNews.com.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.