Forget Black Friday. A flood of bargains is coming in January.

Forget Black Friday. A flood of bargains is coming in January.
© Provided by Business Insider Analysts say we’ll see major discounting next year. Vickie Flores/In Pictures via Getty Images

  • Analysts say shoppers should prepare for major discounts in January. 
  • This is because supply chain delays are causing products to arrive too late for the holidays.
  • These items will likely end up on discount racks, they say.

If you didn’t get the deals and discounts you were hoping for this Black Friday, fear not, for January is likely to be awash with bargains, analysts say. 

This is because the ongoing supply chain crisis, which is preventing products from getting to where they need to be in time for the holidays, is likely to lead to major discounts in the post-holiday season, a group of BMO analysts wrote in a note to clients this week. 

“We believe it critical to point out that unlike last year’s actual supply-chain shutdown (factories shut, vendors shut, stores shut), supply chains are not shut down this year, they are slowed down. Meaning, the issue is less one of creation and more one of transportation,” these analysts wrote.

They continued: “That means that product is slowly inching its way across the globe and country. Unfortunately, that will likely lead to mistimed floorsets as product misses its intended season, likely triggering promotions and clearance.”

In other words, when product finally makes its way to stores, it’s likely headed straight for the discount racks. 

Some retailers shed light on how grave the situation has become in recent earnings calls. Victoria’s Secret CEO Martin Waters said that 45% of the brand’s fall season inventory has been delayed. Though it has already canceled 10 million units that would arrive too late, it’s expected to head into next year with more product than usual. And these products, which may be seasonal, are likely to be more vulnerable to discounts. 

This is particularly concerning for retailers who, in the past year, had finally managed to break the 12 year cycle of discounting which has plagued the retail sector since the last recession.

The pandemic forced retailers to think lean, BMO analyst Simeon Siegel said. “They canceled their purchase orders, supply chains shut down, and there was no product coming out,” he told Insider on a recent call.

“For the first time in a very long time, retailers were protected from themselves,” he said. Now, retailers are more likely to fall back into the discounting trap again, which is hard to break, he added. 

Some might just choose to offload inventory rather than having it clogging up their stores next year, which should present lots of buying opportunities for off-price stores such as TJ Maxx and Ross, experts say. 

While discounts might be good news for shoppers who are already feeling the pinch from rising inflation rates and watered-down promotions this Black Friday, they nonetheless may not get the deals they’re hoping for, Siegel said. 

“Anything that is good will sell out. Anything that is bad and that misses a deadline? That is going to sit on the shelf and rack up promotions again,” he said. 

Read the original article on Business Insider

News Related

OTHER NEWS

LPL players send porcelain gifts to players from other regions to celebrate Year of the Tiger

© Provided by Dot Esports One of the most important events in the Chinese calendar is just right around the corner. On Feb. 1, East Asians and Southeast Asians from ... Read more »

'Unbelievable', 'We are so clear' - Many Sunderland fans 'buzzing' as club drops 'unreal' news

© Provided by Transfer Tavern Sunderland, Black Cats, League One, Jack Clarke Many Sunderland fans have been left gushing over transfer news involving Jack Clarke. As per the club’s official ... Read more »

Laporan kajian ganti hukuman mati mandatori dibentang akhir Februari

© Provided by Free Malaysia Today Menteri di Jabatan Perdana Menteri (Parlimen dan Undang-Undang), Wan Junaidi Tuanku Jaafar, berkata pelaksanaan kajian itu menepati hasrat kerajaan supaya cadangan pemansuhan akta hukuman ... Read more »

Kendall Jenner and Hailey Bieber's makeup artist reveals skincare secrets

© Provided by BANG Showbiz Kendall Jenner’s makeup artist thinks you need hydrated skin for great make up Kendall Jenner and Hailey Bieber’s makeup artist says “healthy, hydrated skin” is ... Read more »

'Another one losing faith', 'Going down if this carries on' - Many Leeds fans fume over update

Lots of Leeds United fans have flooded to Twitter following David Anderson’s latest update on the future of Crysencio Summerville.  Reports emerged earlier in the week suggesting the youngster could ... Read more »

Restaurant 1890 by Gordon Ramsay: Star chef to open third restaurant in the Savoy, with nod to Auguste Escoffier

Gordon Ramsay’s working relationship with the Savoy appears to be going from strength to strength, with the chef set to open his third restaurant inside the famed hotel on the ... Read more »

Tyson Fury vows to 'annihilate' Dillian Whyte in hint Anthony Joshua has rejected offer

Tyson Fury has vowed to ‘annihilate’ fellow British heavyweight Dillian Whyte with the Gypsy King set to take on The Body Snatcher in his first fight of 2022. The immediate ... Read more »

Louise Redknapp advises not to worry what others think

Louise Redknapp hinted at her own insecurity as she talked about debilitating fear while giving a Lorraine guest a makeover on Thursday’s episode of Lorraine. The singer, 47, and TV presenter ... Read more »

'I wish I was about 10 years of age right now coming into what is going to happen in the sport'

KYLIE MURPHY THIS week returned to Tallaght Stadium, scene of her FAI Cup final triumph two months earlier.  © Piaras a Maidheach Kylie Murphy winner of the SSE Airtricity Soccer ... Read more »

It's been exactly 20 years since Jamie Carragher lost it with Arsenal fans and was fined £40,000

Twenty years ago in an FA Cup fourth-round tie between Liverpool and Arsenal, Jamie Carragher was sent off after losing his cool and throwing a coin back at Arsenal fans. ... Read more »

Maida Vale motorist urges police to de-arrest him

A driver who mowed down a knifeman in his car as he stabbed his ex-partner to death in the street has pleaded with the Metropolitan Police to de-arrest him. The ... Read more »

Call to tackle toxic air to stop youngsters being victims of future pandemics

© PA Archive Rosamund Adoo-Kissi-Debrah Air pollution must be tackled to stop the next generation being victims of future pandemics, the mother of a schoolgirl who died from asthma linked ... Read more »

Teen accused of murdering sister, 15, also charged with manslaughter

A 19-year-old man who is accused of murdering his 15-year-old sister at a busy seaside caravan site in Wales has, today, been charged with manslaughter. Amanda Selby died at Ty Mawr ... Read more »

Omicron on the rise as experts warn new BA.2 strain growing

Omicron cases in London have begun to rise as experts fear the new BA.2 strain is beginning to take hold. Although Plan B restrictions have now been eased, the ZOE ... Read more »

The road at Vinjeøra, demolished by extreme weather two weeks ago, has been rebuilt

Two weeks after the extreme weather event “Gyda” destroyed the road, the E39 at Vinjeøra is ready for traffic again. “We had to rebuild everything. The road has been upgraded. ... Read more »

National University grad tops January architecture licensure exams

The University of Santo Tomas was the best performing school at this month’s architecture licensure examinations, but a National University graduate had the highest score among the successful test takers, ... Read more »

Murder probe launched after ‘kind and caring' community nurse dies in Brixton house fire

© Supplied Image from iOS (3).jpg Police have launched a murder probe after a “kind and caring” community nurse died in a house fire in Brixton. Mariama Kamara, 46, died ... Read more »

This Morning fans are all saying the same thing as couple who record themselves having sex appear on the sofa

THIS Morning fans were in agreement on Twitter when a couple joined Rochelle Humes and Phillip Schofield on the sofa to reveal they record themselves having sex. Lacey Haynes and ... Read more »

3 Tips On How To Groom & Maintain A Glorious Beard Like The Dashing Dulha- Suraj Nambiar

© Provided by MensXP Our social media feeds are currently filled with the wedding pictures of Mouni Roy and Suraj Nambiar. The Gold actress finally tied the knot with her ... Read more »

‘Badhaai Do' trailer: All you need to know about ‘lavender marriage'

Ever since the trailer of the Rajkummar Rao, Bhumi Pednekar-starrer ‘Badhaai Do‘ dropped, it created quite a buzz online. People are loving the progressive nature of the film, which ostensibly ... Read more »

McDonald's new 'menu hacks' promotion requires no new ingredients or employee training and it's a brilliant continuation of its pandemic-era strategy

© McDonald’s McDonald’s McDonald’s is introducing social media menu hacks to official menus. An analyst says it’s a smart way to expand menus without adding complexity. The chain simplified menus ... Read more »

KL Rahul not captaincy material? Manoj Tiwary unimpressed with selectots' call in South Africa tour

KL Rahul Former India batter Manoj Tiwary questioned the selectors’ call to appoint KL Rahul as stand-in captain during the South Africa tour, saying what did they see in hm ... Read more »

Spruce Up Your Bathroom With These Luxury Trends

Bathrooms are certainly one of the most neglected spaces of our home. We put in all our efforts to make our bedroom cozy and comfortable, we make sure our kitchen ... Read more »

'That's not right': Janet Jackson dismisses claims of 'secret' baby

© Bang Showbiz Janet Jackson did not have a secret baby Janet Jackson has slammed speculation she had a “secret” child in the 1980s. The 55-year-old singer – who has ... Read more »

Why Bhuvneshwar Kumar is not in the swing of things

© Provided by Hindustan Times Bhuvneshwar Kumar looks far from being the threatening bowler he once was.   (AP) Bhuvneshwar Kumar is not part of India’s ODI squad for the ... Read more »

Jacqueline Fernandez raises the bar of ethnic fashion goals in ivory salwar suit

Taking a break from social media ever since her pictures with conman Sukesh Chandrasekhar went viral, Bollywood hot Jacqueline Fernandez made a comeback on Instagram by raising the bar of ... Read more »

Emmerdale fans 'rumble Meena's downfall' as 'secret victim' to be uncovered

Emmerdale fans are confused over the whereabouts of a ‘missing’ pooch on the ITV soap. Princess the dog was left in the care of Wendy Posner, when her owner Andrea ... Read more »

5 Makeup Lessons Learnt From Gen-Z Stars Like Suhana, Khushi And Shanaya

Gen-Z star kids like Suhana Khan, Khushi Kapoor, and Shanaya Kapoor might not have entered the movies yet but they’re giving us plenty of beauty inspiration with their en vogue ... Read more »

Nationwide to increase rates on many savings products

© Paul Faith Nationwide Building Society will increase rates on a range of savings accounts by at least 0.15 percentage points (Paul Faith/PA) Britain’s biggest building society will boost rates ... Read more »

Best tunnels in Britain: Top 10 revealed with Penmaenbach top

For petrol heads who love nothing more than the rumble of a car engine and growl from its exhaust, this is a top 10 list that will certainly be of ... Read more »

With Few Days Left for Polling, Congress Douses Fire Within Punjab Unit Over Ticket Distribution

© Provided by News18 With Few Days Left for Polling, Congress Douses Fire Within Punjab Unit Over Ticket Distribution With less than a month left for the Punjab assembly elections, ... Read more »

Rakhi Sawant Accuses The Makers Of ‘Bigg Boss' Of Using Her; Says ‘I'm Not A Tissue Paper'

© Provided by Lehren Rakhi Sawant Accuses The Makers Of ‘Bigg Boss’ Of Using Her; Says ‘I’m Not A Tissue Paper’ Rakhi Sawant, the self-crowned entertainment queen of India, somehow ... Read more »

Bigg Boss 15: Take A Look Back At Pratik Sehajpal's Journey Through The Show

Pratik Sehajpal had a large fan base after appearing on reality TV shows such as Ace of Space and Bigg Boss OTT, but after his appearance on Bigg Boss 15, ... Read more »

PM hosts leaders of 5 Central Asian countries virtually

© Provided by The Financial Express Sadyr Japarov of Kyrgyz Republic; Gurbanguly Berdimuhamedow of Turkmenistan; Emomali Rahmon of Tajikistan, Kazakhstan’s Kassym-Jomart Tokayev,  and Uzbekistan’s Shavkat Mirziyoyev. On Thursday, Prime Minister ... Read more »

Nawazuddin Siddiqui builds dream bungalow in Mumbai, names it Nawab after his father

Nawazuddin Siddiqui took three years to renovate his bungalow. Nawazuddin Siddiqui has built his dream bungalow in Mumbai. The actor, who has made a name for himself in the entertainment ... Read more »

US jobless claims drop to 260K as employers weather Omicron

People were able to apply for jobs at the U.S. post office in Garden Grove, CA on Tuesday, January 4, 2022. Paul Bersebach/MediaNews Group/Orange County Register via Getty Images The ... Read more »

Muzikayise Malephane details Tshegofatso Pule's final moments

© Kgomotso Modise/Eyewitness News. Muzikayise Malephane, the man convicted of killing Tshegofatso Pule, in the dock on 25 January 2022. JOHANNESBURG – Tshegofatso Pule’s convicted killer has told the Johannesburg ... Read more »

French cinema greats pay tribute to actor killed in skiing accident

© Bertrand GUAY Stars including Catherine Deneuve, Isabelle Huppert and Lea Seydoux were present at the funeral ceremony for Ulliel at the Saint-Eustache church in central Paris. Some of the ... Read more »

HOT Scoop: Is Salman Khan's heroine Saiee Manjrekar is DATING this big shot producer's son? [EXCLUSIVE]

© Provided by BollywoodLife.com Saiee Manjrekar made her debut with Salman Khan‘s Dabangg 3 where she played the role of superstar’s first love and fans loved her character. Saiee was ... Read more »

Marcos fate hangs as Comelec exec bares DQ vote

COMMISSION on Elections (Comelec) Commissioner Rowena Guanzon on Thursday disclosed that she voted to disqualify presidential candidate Ferdinand “Bongbong” Marcos Jr. but said that her dissenting opinion was hers alone ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic