What to Buy (and what to avoid) on Memorial Day 2020
We’ve put together a short list of the best categories of products to find on sale during the Memorial Day weekend promotions as well as the product categories you should avoid until another month. Check it out:
What to Buy? Appliances: If you are in the market for a new refrigerator or washer/dryer set, Memorial Day sales won’t disappoint. You will see sales up to 30% early in May, accelerating up to 40% by Memorial Day weekend. You will also find stacked discounts when purchasing multiple appliances, ideal for anyone doing a kitchen renovation. Look to Home Depot, Lowes and Best Buy for excellent sales as well as deals on refurbished appliances at stores like Sears Outlet.
What to Avoid? Gas Grills: If you are in desperate need of a grill, you can find discounts on gas grills ranging 20% to 30% during Memorial Day sales. However, that’s nothing compared to the sales when the summer season draws to a close in late-August. If you can wait, you will be rewarded with grills sales that are 40% to 75% off MSRP.
What to Buy? Traditional Mattresses: This is a fantastic month to save money on a traditional mattress and improve the quality of your sleep. You will see sales on traditional mattresses ranging from 40% up to 80% on Memorial Day at retailers such as Sears, Overstock.com, Macy’s and smaller mattress retailers. You will also find solid sales at specialty stores like Sleep Number.
What to Avoid? Online Mattress-in-a-box Retailers: There are some fantastic brands in this space like Brooklyn Bedding, Purple and Casper. However, the peak discount periods for these companies are typically the same time as peak online shopping periods, such as Black Friday, Cyber Monday and Amazon Prime Day. You would be much better off waiting to see the discounts in July and November on these mattress brands.
What to Buy? Spring / Winter Clothing Lines: You will find discounts ranging from 50% to 70% on Spring clothing lines from retailers sure as 6pm, Sierra Trading Company, Old Navy, Nordstrom Rack, Macy’s, Target, REI Outlet and other clothing retailers. It’s also a great time to get a deal on next year’s winter coat (60% to 80% off) at closeout prices at Columbia, eBay, Macy’s, and Mountain Hardwear. Look for bonus apparel deals for Memorial Day shoppers such as coupons in store flyers or freebies like tote bags.
What to Avoid? Summer Clothing Lines: These clothing lines have just been released and won’t have much more than a 20% to 40% discount off the retail price during Memorial Day sales. Swimwear will be much cheaper toward the end of the summer as well accessories like sandals and beachwear.
What to Buy? Tools: While Black Friday traditionally has the best discounts on hand and power tools, Memorial Day isn’t far behind. Look to retailers like Home Depot and Lowes to push sales on power tool combo kits as well as hand tool sets, as much as 40% off retail prices.
What to Avoid? General Electronics: Unlike tools, Memorial Day is an extremely poor holiday for deals on laptops, televisions and anything made by Apple. Laptops will go on sale in late July / early August with back-to-school sales, televisions will go on sale as the college football and NFL seasons start, then prices will drop even more in November around Black Friday. As for Apple, look to September for iPhone discounts and November for MacBook discounts. November is also good for Samsung discounts, both smartphones and televisions.
What to Buy? Camping Gear / Hiking Sneakers: If you really want to burn some calories, how about hiking up a trail and camping out for a night? May is the absolute best time to find sales on camping equipment, usually ranging from 30% to 70% depending on the product. We are also seeing amazing sales on Nike gear from stores like Finish Line and general sneaker sales on eBay.
What to Avoid? Fitness / Workout Equipment: While it might be too late to start getting in shape for the beach, it’s still a bit too early to find discounts on fitness gear. June is a great month to find discounts on last year’s fitness equipment since big-box and fitness retailers will be clearing out old inventory.