Presidents' Day sales 2015: what to expect
Presidents' Day sales brings a variety of deals, but bargain hunters will see the best Presidents' Day savings on winter apparel, which sees discounts of up to 85 percent.
Short in days, but not on deals, February is a busy month for bargain shoppers. And while Valentine's Day traditionally steals the spotlight, February's best sale has nothing to do with Cupid.
Year after year, we've noticed that Presidents' Day offers better bargains on a larger variety of merchandise than its more popular rival, Valentine's Day. And though we're still a few weeks away from both events, you can never be too prepared. So we've created the guide below to help you prepare for this year's Presidents' Day sales.
Sales Will Start Early, End Late
As we saw in November, retailers will do anything to extend their sales. The same concept applies to Presidents' Day. While the majority of sales will commence on Presidents' Day itself (February 16), many will start several days before the big event. For instance, in 2013 Bass Pro Shops started its Presidents' Day sale on February 5, whereas last year Dell Home was the first major retailer to celebrate Presidents' Day on February 7. For 2015, we predict that this trend will continue, with sales starting the first week of February. However, the bulk of retailers will still launch their deals on the Friday before Presidents' Day.
Additionally, Presidents' Day sales tend to linger. That means shoppers can expect a minimum of two weeks' worth of President's Day deals across the board. In fact, last year we saw Presidents' Day deals that lasted as long as February 22, which was five days after the holiday had ended.
Clothing and Tech Dominate Presidents' Day Sales
For the past few years, winter apparel has dominated most Presidents' Day sales, accounting for 32% of all deals during that holiday. Even better, in the past two years we've noticed that discounts have gotten steeper. In 2013 we saw price cuts of up to 67% while last year we saw discounts as high as 85%. That said, some retailers, such as Macy's and Barneys Warehouse, will gravitate toward lower price cuts ranging from 10% to 20% off. But even in these cases, the price cuts are stacked atop already-discounted clearance items. Otherwise, expect Nordstrom, 6pm, Eddie Bauer, and The Children's Place to hold sitewide discounts with little to no limitations.
Shoe shoppers take note: While you may find some shoe deals this Presidents' Day, your choices will be limited; last year, shoe deals made up less than 5% of our Presidents' Day sales. Nevertheless, the most noteworthy sales came from 6pm and Joe's New Balance Outlet, both of which slashed the prices of boots and sneakers from 60% to 85% off.
In 2014, electronics accounted for 32% of all Presidents' Day sales. These sales generally came in two forms: those with stackable coupons and those that discounted a variety of items. For the former, you can expect Office Depot, Staples, and Dell Small Business to feature Presidents' Day coupons that take from $10 to $50 off entire purchases. (Some retailers may require a minimum purchase amount.)
For sitewide sales, we recommend turning to Amazon, TigerDirect, Newegg, MacMall, and Best Buy, which discounted a variety of HDTVs, laptops, and tablets by up to 81%. Unfortunately, there was no apparent theme to any of the sales. Back-to-school sales, for instance, traditionally apply to laptops and desktops, but most Presidents' Day tech sales apply to a vast collection of electronics.
Home Furniture Deals Will Shine
February is traditionally one of the best months to buy new furniture. That's because new furniture collections debut during the first two months of the year, which in turn makes the start of the year a great time for furniture purchases. As far as Presidents' Day is concerned, 17% of sales on this holiday will offer furniture deals.
Mattresses and Jewelry Were Last Year's Wild Cards
April and September are traditionally the best months for mattress deals, but last year Sears and Kohl's discounted their collection of mattresses by up to 50%. Kohl's took an extra 20% off via stackable coupon codes for an overall discount of 70%. By comparison, April and September see mattress sales of up to 83% off. So while these February mattress deals are limited, they're still impressive if you're in the market for a mattress and can't wait the extra months.
Jewelry is another item we wouldn't expect to see discounted on Presidents' Day, but last year 8% of all deals included or exclusively discounted jewelry. This included big box retailers like Sears and Kmart, as well as jewelry-specific stores like Szul, which took up to 90% off its jewelry with an extra 10% off via stackable coupon. However, keep in mind that many Valentine's day sales will also discount jewelry, so if it's a wide selection of deals you're after, you'll see a better variety on the days leading up to Valentine's day.
Though it traditionally doesn't get the attention of other sales, Presidents' Day is a great holiday for deal hunters. But as with all sales, use caution when making your purchases. And make sure to begin your deal-hunting here at DealNews, where we'll be highlighting the top deals for you throughout the entire season. You can also sign up for the DealNews Select Newsletter to get all the best deals, including Presidents' Day sales, delivered to your inbox.
The Christian Science Monitor has assembled a diverse group of the best personal finance bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link in the blog description box above.