Due to predictions of a recession in the upcoming months and stubbornly high inflation, holiday shopping might look a little different this year. Consumers have started to shop earlier and the majority are expecting higher prices.
Shoppers’ expectations about higher prices are justified: By analyzing prices across 100 million products in online stores between 2021 and 2022, a new report from PayPal’s Honey found that consumers will face higher costs in common gift categories this year. Prices of electronics and toys are up 11%, and jewelry is up a whopping 31%.
Below, Select looks at what consumers can do this holiday season to find deals and save money on gifts for loved ones and family members, whether that’s by using price match or signing up for a coupon service.
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Even though prices on many gifts may be higher this year, retailers stuck with excess inventory from 2021 are launching sales in order to offload their surplus of items. This means that consumers looking to save money can do so by starting to shop early during Black Friday and Cyber Monday sales and by keeping an eye on deals as the holidays get closer.
As for Black Friday, Select is highlighting some of the best deals you’ll find at retailers, whether it’s a general round-up or for your favorite merchants like Target or Best Buy.
Take advantage of price matching
This holiday season, some retailers are offering price matches for a limited time. With price matching, retailers offer to match prices on identical items found at other retailers.
Between October 6 and December 24, Target will price match goods purchased online or in-store. In order to receive the price match, you’ll need to…
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