- Court rules Amazon should be liable for defective third-party productsThe decision from the Third U.S. Circuit Court of Appeals reversed a lower court ruling.Newsy
- Hiring rebound clouds Fed rate outlookU.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month. Conway G. Gittens reports.Reuters
- Why gas prices vary from pump to pumpTwo gas stations right next door to each other can have different prices for a gallon of gas. WSJ breaks down the different global, national and local factors that affect the price you pay at the pump. Image: GettyThe Wall Street Journal.
Memorial Day Sales You Probably Should Skip!Buzz601:22
Court rules Amazon should be liable for defective third-party productsNewsy0:56
Hiring rebound clouds Fed rate outlookReuters1:24
Why gas prices vary from pump to pumpThe Wall Street Journal.5:13
5 ways to get a pay increase by the end of the yearGOBankingRates0:59
How long will the US economic boom last?Fox Business2:46
Chinese workers are starting to rebel against '9-9-6' cultureCBS News3:06
Here's what to watch in the casino industry for the rest of 2019CNBC1:05
5 things wrong with Apple's lightning cableBusiness Insider4:05
Lee Iacocca, father of Mustang and minivan, dead at 94Reuters - US Video Online1:09
Nike defends decision to pull Betsy Ross flag shoeCBS News2:05
Why Ford and GM scaled back in EuropeThe Wall Street Journal.4:08
Australian woman ordered to pay $370K after posting fake Google reviewVeuer0:56
New mansion tax could push more New Yorkers to FloridaFox Business3:04
China will now seize smartphones at some borders and install spywareVeuer0:53
How much will you need to save for retirement?GOBankingRates1:09
Memorial Day is the new Black Friday, but that doesn’t mean it’s the best time to buy everything.
Originally a holiday devoted to mattress sales, in recent years retailers have morphed the holiday weekend into a bigger sales weekend to mark the halfway-point to Black Friday. Consequently, there are plenty of great deals to be had during this upcoming three-day weekend (and in the following week). “Memorial Day sales represent about the closest thing we’ll see for ‘across the board’ discounts until holiday season,” said Brent Shelton, an online shopping expert.
But unsuspecting shoppers can get duped by stores advertising deals that are indeed too good to be true. Here are some of the products shoppers should avoid purchasing during Memorial Day weekend.
When it comes to cars, the best time to buy is typically between July and October as dealerships look to make room for newer models, according to CarBuyingTips.com.“Holidays are decent times to get deals, but…the best time to get deals is when new products are coming in and old products are going out,” said Justin Cupler, savings expert with The Points Hound. As a result, better savings can often be found during Fourth of July and Labor Day sales events.
But that doesn’t mean consumers should avoid anything automobile-related. Memorial Day often has the year’s best sales on tires, as retailers aim to cash in on families getting ready for summer road trips, Shelton said.
The electronics items on sale during Memorial Day weekend won’t necessarily be the cream of the crop, Shelton said. “There’s going to be some sales, but it’s going to be on older, slower machines,” he said. Consumers in the market for a new Macbook for instance, would be better off waiting until later in the summer for back-to-school deals. Good deals on electronics can also be found on Black Friday, for those who are willing to wait longer for the best savings.
As with laptops, certain TVs will go on sale during Memorial Day, but these tend to be older models with fewer bells and whistles. Many good deals on televisions typically come up around Black Friday — there were 139 different sales on TVs reported by deal shopping website Deal News in the last two weeks of November alone. January is also a good time to buy, since retailers will be clearing shelves to make room for newer models. But according to Deal News, prices for TVs are always going down as newer models with fancier features continually come to market.
Clothing and swimwear
Retailers may advertise between 20% and 40% off clothing items during Memorial Day weekend, but those sales are nothing to call home about, said personal finance expert Jen Smith. “These are common sales seen throughout the year,” Smith said. “Consumers need not splurge on clothing this holiday weekend because these very same sales will pop up again.”
Plus, retailers like Nordstrom,?Dillard’s?and Victoria’s Secret?have semi-annual or annual sales that trump their Memorial Day weekend deals.
As for swimwear and other summer-specific apparel, consumers are better off waiting until later in the summer to score the best deals, said Sara Skirboll, shopping and trends expert at savings website RetailMeNot. “Shoppers are most likely to find the deepest savings towards the middle to end of summer as stores start to release their fall merchandise and need to clear the shelves,” she said.
Consumers won’t have to wait long to get the best deals on power tools, as Father’s Day is generally the best time of year to buy these items. “Although some tool deals in May offer good savings, especially for outdoor power equipment, wait until June, or right after Memorial Day sales, for a better over-all selection of savings options that can rival Black Friday tool deals,” Shelton said.
This time of year, diamonds aren’t the wallet’s best friend. For shoppers looking to score a deal on jewelry, the best time to buy is right after Valentine’s Day, when retailers put a lot of their items on clearance, Cupler said. Price reductions on rings and necklaces will also crop up in late summer, as this is usually one of the slowest times of the year for jewelers, according to CreditDonkey.