Labor Day Retail 2022: What clothing, furniture, and auto deals to watch for
Labor Day is approaching which means retailers are handing out annual holiday sales.
Many stores will be open throughout the weekend, including Labor Day Monday. However, there will also be bundles of deals online as well.
The deals are a welcome end to summer vacation for shoppers who are stressed by the rising costs of food, gas, and household goods.
With inflation reaching its highest level in nearly four decades, shoppers are beginning to focus on the essentials. However, these sales may provide an opportunity to purchase some discretionary items they have been putting off.
Retailers display more pre-business sales the day before due to overstocking
Here are some of the major discounts throughout the weekend:
Appliances and Furniture
Overstock is promoting up to 70% off thousands of items online, along with free shipping on everything.
Lowe’s also owns a range of furniture sales, including up to half on patio furniture and accessories. The company is also offering up to 30% off select grills and accessories and up to 25% off outdoor lighting.
Wayfair also has furniture sales including up to 60% off lighting, living room seating, and playroom essentials. Shoppers may also get up to $400 off Seeley mattresses.
Mattress Firm is offering up to 60% off select stock mattresses plus free shipping on items.
More shoppers are turning to discount stores to cut inflation costs
Best Buy offers shoppers 24-month financing on devices with purchases starting at $1,499, saving customers the use of a My Best Buy credit card.
The nation’s largest retailer, Walmart, also offers a variety of Labor Day sales on items including grills and patio sets.
Target offers up to 30% off patio furniture and decor and up to 25% off indoor furniture.
Jessica Caldwell, executive director of Edmunds Statistics, said car shoppers shouldn’t expect “anything close to pre-pandemic Labor Day sales deals.”
However, Caldwell said buyers can expect used-car prices to fall across the board as the weekend approaches. The lower prices offer at least some relief, she added, “compared to the continuing high cost of buying or renting new cars”.
To help consumers determine which vehicles are seeing the biggest price drops ahead of the weekend, Edmunds analysts took a look at the average transaction price of three-year-old vehicles in July and compared those to the average monthly transaction price at its peak in 2022. Analysts did This is for both regular vehicles and luxury vehicles.
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For mainstream vehicles, the data showed that the Ford Fushion Energi, Toyota Prius and Nissan Murano experienced more price drops than the peak average deal price in 2022. For luxury cars, the Audi A6, BMW X7 and Mercedes-Benz GLC Coupe had the largest price Decline.
Nordstrom offers summer discounts of up to 60% over the weekend. The luxury retailer’s website touts that customers can get deals on brands including Free People, Madewell and Jeffrey Campbell.
Lululemon Athletica offers a range of discounts in its “We Made Too Much” section.
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Retail giant Amazon is also promoting the end of summer fashion sales, offering consumers discounts on women’s, men’s and children’s clothing and accessories.
Target is offering its annual end of summer sales including 30% off shoes, 30% off women’s dresses and jeans, plus 30% off baby, toddler, and children’s clothing.