The holiday shopping season is now well underway with stores pushing big discounts to try to attract customers. Come Monday, Dec. 2, lots of people will be online clicking the box that says “buy” or “purchase”, as Cyber Monday deals launch.
Amazon began running sales on Friday, Nov. 29, including 50% off headphones and 40% off household items including vacuums.
Target is expected to kick off its online sales on Sunday, Dec. 1, and extend them through Cyber Monday. There’ll be big discounts on items such as Airpods and Apple Watches, some for $200 or less.
Walmart will also begin offering online deals on Sunday, Dec. 1. Electronics, such as a 32-inch smart TV, will be available for under $100. Laptop computers will go for less than $150.
Some analysts are urging shoppers to consider the effect President-elect Donald Trump’s proposed tariffs might have on popular gift items. Trump has threatened to hit China with a 60% levy, plus Mexico and Canada with a possible 25% tariff.
Chip Lupo, from Wallethub, told Newsweek that electronics, appliances, cars and furniture would be specifically vulnerable to price increases because of their reliance on imported parts and materials. He named smartphones, laptops, tablets and gaming consoles as items that would see price hikes.
In 2023, Americans spent roughly $12.5 billion on Cyber Monday. That number is expected to hit close to the $14 billion mark this year, according to marketing experts.
