20 Black Friday Deals: How Much Buying Power Do Shoppers Wield?
Portfolio Pulse from Anthony Noto
EY-Parthenon forecasts a moderate 3% rise in retail sales during the 2023 holiday season, down from previous years. Despite inflation, retailers are offering significant Black Friday deals to attract customers. Amazon is discounting tech products, Best Buy has cut MacBook Air prices, and Crocs offers discounts on clogs. Dick's Sporting Goods, Kohl's, Microsoft, Samsung, Sony, and Walmart are also providing various deals. Zoom Video Communications is believed to be offering discounts on its services. Other retailers like Birkenstock, Costco, Dell, Gap, Macy's, Motorola, Nike, VIZIO, Wayfair, and Williams-Sonoma are mentioned for their Black Friday sales.
November 24, 2023 | 7:27 pm
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POSITIVE IMPACT
Sony is offering a free six-month subscription to Apple Music with PlayStation 5, potentially increasing user engagement for Apple's service.
The promotion could lead to increased user adoption and retention for Apple Music, which may have a positive impact on AAPL's services revenue.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 40
POSITIVE IMPACT
Amazon is offering discounts on tech products like flash memory cards and the Amazon Fire HD 8 Kids tablet, which could boost sales.
Amazon's aggressive discounting strategy on popular tech items could lead to a significant increase in short-term sales, positively impacting AMZN's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Best Buy has reduced the price of the MacBook Air M2 and is offering additional discounts to subscribers, which may drive sales and customer loyalty.
Best Buy's discount on a high-demand product like the MacBook Air M2 and additional subscriber discounts could lead to increased sales and enhanced customer loyalty.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Crocs is offering a significant discount on its clogs, which could attract more customers and increase sales.
The discount on Crocs' popular clogs may lead to higher sales volume, potentially having a positive impact on CROX's stock in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60
POSITIVE IMPACT
Dick's Sporting Goods is offering discounts through its Moosejaw brand, which could enhance its competitive position and sales.
The discount on outdoor equipment through the Moosejaw brand could attract more customers and increase sales, positively affecting DKS's stock.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Kohl's is offering discounts on various products, which could drive traffic and sales during the holiday season.
Kohl's diverse range of discounts, including popular items like LEGO and Amazon Echo Dots, could lead to increased sales, positively impacting KSS's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Microsoft is offering a bundle deal on the Xbox Series S, which could boost its gaming segment's revenue.
Microsoft's bundle deal is likely to be popular with gamers, potentially leading to increased sales and a positive impact on MSFT's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sony's offer of a free Apple Music subscription with PlayStation 5 could increase console sales and customer engagement.
Sony's promotion of a free Apple Music subscription with PS5 purchases could incentivize console sales and increase user engagement, positively impacting SONY's stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Samsung is offering up to $1,000 off on its Galaxy series, which could significantly increase sales and market share.
Samsung's aggressive discounts on its flagship Galaxy series could lead to a surge in sales, positively impacting its market share and potentially its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Walmart's extensive Black Friday deals, including discounts on Bose products and Meta Quest 2 VR headsets, could drive significant sales.
Walmart's wide array of discounts on popular brands and products is likely to attract a large number of customers, potentially leading to a substantial increase in sales and a positive impact on WMT's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zoom is believed to be offering up to 50% off its video conferencing services, which could attract new customers and retain existing ones.
If true, Zoom's discount on its services could lead to an increase in new and existing customers, which may have a positive impact on ZM's stock in the short term.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50