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Phoenix — A perennial “On the Road” favorite is the story of Secret Santa, a wealthy and anonymous businessman who every year gives out hundreds of $100 bills to random strangers.
For students of Derek Brown, a Phoenix elementary teacher who uses “On the Road” stories to teach kindness and character, watching Secret Santa do his thing made a huge impression on his students.
“I was, like, shocked because, well, who does that?” student Nicholas Talamantes asked.
“I’ve never seen anyone, like, just give money away like that,” student Carissa Cheong added.
So, with guidance from Brown, the students this year started a Secret Santa club and began fundraising. They called friends, family and businesses, raising $8,000 without any help from their school or district, just so they could turn around and give it all away.
They gave the money to people like Rosemarie Hernandez, who had been out of work for a week.
“It will give me a lot of relief, thank you…you guys,” an emotional Hernandez told the students.
They also gave money to Deidre Taylor, who had just been diagnosed with cancer and was down to her last $20.
“Thank you so very much, you guys are amazing,” Taylor told them. “Oh my God.”
The children spent the day changing dozens of lives. Along the way they noticed something remarkable: the more they gave, the more they got.
“I’m just so happy right now,” student Andrea Ramirez said.
“Their joy — that’s the gift to you,” student Evangeline D’Agostino said.
That was exactly the realization Brown was hoping for.
“I want this memory to be so strong that it now drives them every day, in everything they do,” Brown said.
Cheong said the experience “definitely” changed her.
“I never felt this way in my life,” Cheong said. “So this was really a life changer for me.”
Whoever said money can’t buy happiness, obviously never gave it away.

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Good news for holiday shoppers who are trying to keep more cash in their pockets: There’s an app for that — several, in fact.
Savings-focused apps are offering exclusive discounts, cashback on purchases and other rewards, which could give some much-needed relief to shoppers feeling the pain of higher gift prices this season.
Here are four shopper-oriented apps that can save you money, and even put some money back into your pockets.
Rakuten offers a dizzying array of coupon codes, which can be combined with cashback offers for online and in-person shopping at more than 3,500 retailers, including Target, Best Buy and Walmart.
Cashback typically ranges from 1% to 10%, the company’s website shows. Rakuten also offers double cashback promotions from time to time, allowing shoppers to maximize their returns.
How is cashback paid out?
Shoppers are paid for Cash Back, bonuses and other rewards every three months via their choice of either of two payment methods: check or PayPal.
This season, users can earn an additional 10% off on purchases made during their first week after signing-up for the service, the company’s website shows.
Fetch is a money-saving service that allows users to earn rewards by uploading pictures of their receipts to its mobile app.
Users accrue points by uploading print or digital receipts of their purchases from grocery stores, liquor stores, gas stations and convenience stores, among other shops, according to Rakuten.
Points can be redeemed for gift cards from a variety of places such as Starbucks and Dunkin’, Chipotle, Target and Amazon, the company’s website shows.
In addition, Fetch also offers users personalized discounts to their favorite stores.
Ibotta is another app that offers cashback on qualifying purchases on groceries, online shopping, general merchandise, retail purchases, entertainment, travel and more.
The app also offers “bonuses,” or additional cashback earnings for users who take advantage of special promotions at specific retailers.
Users can generally earn an extra $1 to $10 dollars back from bonuses, the company’s website shows.
Shopkick offers user reward points, called kicks, for shopping at its partner stores or scanning barcodes on select products with its mobile app.
Users can also rack up kicks by shopping at more than 80 online stores through its platform. Penny-pinchers can earn points through ways outside of spending money, including by watching videos and browsing content in the Shopkick app, according to Shopkick’s website.
Kicks can be redeemed for gift cards from Paypal, Starbucks, Amazon, AMC movie theaters and more. Most rewards equal 250 kicks per dollar.

London – One of the most famous community Christmas carol events in London has been canceled due to concerns over public safety after it went viral on TikTok and thousands of people showed up to belt out holiday tunes.
Every Wednesday in December for the last decade, Londoners have gathered near the Columbia Road Flower Market to sing Christmas carols together, sip on mulled wine and visit neighborhood shops. A local church piano would be wheeled outside, and an archdeacon would lead a crowd of a couple hundred people in songs like “We Three Kings” and “Hark! The Herald Angels Sing.”
This year, videos of one of the December gatherings went viral on TikTok, and 10 times the normal number of people showed up to sing, jamming the streets and sparking safety concerns.
“How is this event enjoyable?” one attendee said on social media, sharing images of crowds stretching as far as the eye can see. “Massively overcrowded, no way of getting into any shops, let alone get a cup of mulled wine…this is everything but festive. You should have implemented crowd control… Disaster waiting to happen with this many people!”
The church that runs the event, St. Peter’s Bethnal Green, put out a statement announcing the cancellation of the rest of the December gatherings.
“The crowds of over 7,000 present last week were of such volume on the road that there was a danger to public safety,” the Rev. Heather Atkinson said. “We are grateful to God and to those working at the event that there were no serious injuries.”
Kristian Buus/In Pictures via Getty Images
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A doorbell rings. A notification lights up your phone. You check the front door. A package has arrived! Or so you hope.
Whether it’s a Christmas present, household essentials for the family holiday party or tonight’s takeout, Americans live in a world increasingly delivered to their doorsteps.
And porch piracy — when a package is stolen right off someone’s front steps in broad daylight — is also increasing, with thieves getting away with billions in goods since 2020. According to estimates from online guides SafeWise and Security.org, the number of stolen packages in the last 12 months alone ranges from 100-250 million in the United States, totaling anywhere between $6-20 billion.
But, that last couple of feet from the doorstep to inside your home is where the greatest risk of package theft from porch pirates can occur, experts say, and consumers should be prepared — especially as this year could set new holiday sales records for online shopping.
The United States parcel shipping industry has unsurprisingly boomed in the post-pandemic era. According to data compiled by shipping logistics analysts at Pitney-Bowes, 58 million packages per day were shipped to addresses across the country in 2022. That’s 674 deliveries per second.
Experts say figuring out the scope of the problem is extremely difficult. Ben Stickle, a professor of criminal justice at Middle Tennessee State University and a leading authority on package theft, said some state agencies and many police jurisdictions do not distinguish between types of thefts, whether they are face-to-face robberies or porch pirates. The crime itself is only classified as a felony in eight states.
“A lot of what we know is based on consumer surveys, with sample sizes varying,” said Stickle. “New laws are being introduced as a separate statute to [account] for package theft, but enforcement of those penalties is hard.”
While there may be increased awareness with the help of technology and some proactive measures from companies, said Stickle, what was once a typical crime of opportunity has developed to a black market of organized porch pirates inventing new ways to swipe parcels, like robbing the delivery truck itself.
“Package robberies from vehicles is something we are aware has become more popular in recent years,” said Master Corporal Lewis Briggs III of the Delaware State Police. “Our mission is always to keep the community safe and prevent these robberies at every step of the transaction.”
Local law enforcement such as police in Gloucester Township, New Jersey, have tried putting out fake “bait” packages with GPS devices to track down porch pirates and get them off the streets.
But not all solutions have been equally effective. Bait packages and doorbell video surveillance cameras to catch package thieves in the act haven’t provided evidence they help prevent the crime, Stickle said.
Stickle’s research into video surveillance camera use, such as the popular Ring doorbell, found “whether some conceal their identity, or others look directly at the camera, they still take the package.” He said he’s not convinced they are a true deterrent.
“The video is a factor, but only helps police sometimes, and after the package is already gone,” he said.
Meanwhile, shipping companies are turning to new tools, even as the industry faces its own headwinds. For example, UPS, one of the major four shipping companies alongside Amazon, FedEx and the Postal Service, is using artificial intelligence and analytics to determine high-risk deliveries and help prevent loss through the entire process. The four major shippers account for nearly 98% of all U.S. packages delivered, according to national shipping data.
Industry analysts like Pitney Bowes said the sheer volume of holiday packages means shipping companies have a hard time just keeping up with daily logistics like vehicle availability or properly vetting drivers — which is why you might see a delivery dropped off by a rented U-Haul truck, for example.
“It will take a combination of efforts on all four parties, consumers, retailers, distributors, and law enforcement,” said Stickle. “Retailers usually end up taking the brunt of the problem by shipping new items and accepting losses.”
There are a few things law enforcement agencies and experts recommend to help prevent package theft:
Stickle said smart lockers, which offer an extra barrier for anyone trying to quickly nab a package off a stoop or inside the front door of an apartment building, are one of the most tangible solutions. “It’s really time that we rethink the front porch. You know, we don’t design porches to be the center of commerce, but it’s becoming that,” he said.
In addition to new tech, the best way to stay alert in your neighborhood, police say, is to communicate. “Community engagement on social media platforms like the NextDoor app have helped [law enforcement] and neighborhoods stay informed,” said Briggs.
This holiday season, as the envelopes and boxes fly across the country by the billions, It’s important to stay informed about the risks with porch pirates on the prowl and know how to keep those last few feet from your doorstep to your home open for delivery.

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As the holiday shopping frenzy grips the nation, with over 180 million Americans poised to shop from Thanksgiving through Cyber Monday, the travel industry is carving out its niche with “Travel Tuesday.” Travel experts call it the best opportunity to snag holiday travel and winter getaway deals.
Travel deals extend beyond Black Friday, continuing into Cyber Monday and culminating in “Travel Tuesday.” The day after Thanksgiving promises a broader range of discounts, especially for those flexible with their travel dates and destinations.
Major players in the industry like Royal Caribbean are offering significant discounts, including an extra $750 off on top of up to 30% discounts, with a booking deadline set for Tuesday.
Frontier Airlines is enticing travelers with a year-long “all you can fly” pass for under $500. Spirit Airlines is not far behind, offering flights as low as $20 to destinations like Vegas, Miami and Chicago. Additionally, Priority Pass is cutting prices for airport lounge access by up to 30%.
Brett Keller, Priceline’s CEO, said that the holiday shopping season is becoming a time for travel deals.
“What’s nice about this timeframe is it really opens up inventory, now is a really compelling time to take advantage of a number of deep discounts and credits that the cruise lines will offer. There’s a lot more hotel inventory looking into, into the winter and spring of next year,” said Keller.
Hayley Berg, travel app Hopper’s lead economist, said that this time often catches people off guard since they are just finishing up celebrating Thanksgiving.
“Most folks aren’t thinking about booking their next trip. They’ve just booked Thanksgiving, thinking about the holidays, gifts.
So for airlines hotels in the travel industry, that’s typically a low week in terms of bookings,” said Berg.
However, Berg cautions that flexibility might be key to securing these deals.
“You might not get the time of day or the airline that you’re looking for. But last year, we saw travelers save upwards of 80% off of their Christmas travel booking on Travel Deal Tuesday,” she said.

Stay home and eat your turkey. Most stores, other than supermarket and pharmacy chains, aren’t open until Black Friday morning.
The frenzied mall mobs characteristic of Black Friday — and Thanksgiving, until COVID shutdowns squashed that retailer move to out-compete one another — had faded even before the pandemic, with the growth of e-commerce and ever-earlier holiday promotions, which this year began well before Halloween.
Despite evidence showing that shoppers recently have pulled back, data from consumer surveys indicate that overall spending is expected to hit unprecedented levels this holiday season.
U.S. consumers, buoyed by a robust labor market, have demonstrated unexpected resilience even as they contend with stubborn inflation. But to pull off this spending feat, a significant number of shoppers are expected to rely on credit cards and buy-now-pay-later plans to fund their holiday spending this year.
“They might buy fewer gifts because things are more expensive, but we expect spend to be up,” said George Noceti, a wealth advisor at Morgan Stanley. “So we think that this will be another banner year in terms of Black Friday, Cyber Monday, and all the discounting that goes on in January.”
The National Retail Federation predicted that holiday spending will be up 3% to 4% from last year, reaching record levels between $957.3 billion and $966.6 billion. The increase in spending is predicted to slow from last year’s 5.4% boost, according to the trade group’s data.
Online shopping is expected to be robust, starting on Thanksgiving.
“Now it’s very online focused, and we’re really looking to see the online velocity surge on the major days like Black Friday and Cyber Monday,” said Vivek Pandya, lead analyst at Adobe Digital Insights. In line with recent years, e-commerce sites are expected to be inundated on Black Friday and Cyber Monday as consumers shop from the comfort of home.
The four-hour window from 6 to 11 p.m. Pacific time Monday is expected to be the busiest shopping period of all, with spending projected at nearly $4 billion, according to Adobe Analytics data.
Black Friday may not be the bellwether of the holiday shopping season that it once was, but overall retail sales during the season remain an important gauge of consumer health and a key source of retailer profits. Consumer spending on goods and services accounts for nearly 70% of the nation’s economic activity.
Although retail sales and consumer confidence fell in October, people feel differently about the holidays.
“We’re seeing disproportionately more optimism as it relates to holiday shopping versus regular day-to-day and regular discretionary shopping,” said Mrin Nayak, a managing director and partner leading holiday research at Boston Consulting Group.
Consumers want major discounts, and they are likely to find them this year. Holiday discounting lagged in 2020 and 2021 in response to economic uncertainty and fueled by consumers’ increased savings during the stay-at-home era of the pandemic.
Given the precarious situation of many consumers, retailers know that shoppers are demanding major discounts — and will hold out for the best deals. Analysts project that many shoppers will also rely on credit cards or buy-now-pay-later programs to finance their holiday purchases, a strategy that carries the risk of added interest and other costs.
Many retailers offer buy-now-pay-later programs. And most buy-now-pay-later apps — backed by companies including Afterpay, Klarna and Affirm — let users split their final bill into four interest-free payments, an attractive alternative to using credit cards, which have an average interest rate more than 19%, according to November data from Bankrate.
“The consumer is bargain-hunting this year,” Nayak said. “They are looking for deals to counter inflation, and they are looking to make sure that they’re shopping at places that give them really differential value versus the rest of the year.”
The latest Adobe Analytics figures show that in the days leading up to Black Friday, retailers were already marking down products in popular categories: Electronics, appliances, toys and apparel were discounted on average more than 20%.
“I think because we’re seeing this level of discounting that we’re profiling across these categories, it’s helping keep consumers incentivized to spend this season,” Pandya said. “But we’re expecting the discounts to get bigger and better on these major days between Black Friday and Cyber Monday.”
Low unemployment is expected to help power the shopping season. The U.S. job market has remained steady despite pressure from rising interest rates, with employers adding an average of 204,000 jobs a month between August and October.
“The unemployment rate is extremely low, so people are getting a paycheck,” Noceti said.
Gen-Z and millennials are predicted to spend big this year, fueled by low unemployment and healthy wage gains in their demographics.
“Labor markets have disproportionately favored younger generations that might have more disposable income this holiday season,” Nayak said. “And so we’re expecting to see that divergence in the consumer based on generation on willingness to spend.”
One third of Gen-Z and millennials plan to spend more on holiday gifts than last year, according to findings from Boston Consulting Group. At the same time, only 20% of baby boomers plan to spend more, squeezed by inflation and fixed income budgets.
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Black Friday shoppers, beware: Gift prices are climbing. So if you want to cross off every item on your holiday shopping list, you’ll likely have to dig for discounts.
Not sure how to bargain hunt to keep your seasonal shopping spree below budget? Here are one personal finance expert’s tips on how to score the best deals this holiday season.
During Black Friday, many major retailers offer exclusive doorbuster deals, or deeply discounted goods, at their brick-and-mortar stores. However, if a deal seems too good to be true, it’s often because it is, Kimberly Palmer, a personal finance expert at NerdWallet, told CBS MoneyWatch.
According to Palmer, doorbuster deals are often offered on outdated and lower-quality products. Additionally, those deals are often harder to snag because they typically only apply to items that are in “very limited supply,” Palmer told CBS MoneyWatch.
Palmer advises shoppers to have an idea of what they’re looking to buy before visiting their local stores. Shoppers should also consider how flexible they’re willing to be on an item’s make and model, she said.
During the holidays, many credit card issuers offer additional discounts for purchases at popular retailers. To see if your credit card comes with any special offers, check your care issuer’s app or website. If available, you should opt into holiday offers to get extra discounts (often in the form of statement credits) for shopping at your favorite stores, Palmer said.
While retailers may limit how many coupons you can use per purchase, you can easily combine credit card-issued discounts with store coupons, allowing you to maximize your savings at checkout.
“A great way to shop is to stack those discounts on top of each other,” Palmer said. “You might get a 10% discount through your credit card, and then you get a Black Friday or Cyber Monday deal that adds another 10% [discount] to your purchase.”
Knowing when to shop for certain items, can save you big bucks around the holidays, according to Palmer.
If you’re looking to scoop up the season’s hottest toys, postpone your shopping trip until right before the major gift-giving holidays, Palmer advises. Conversely, if you’re looking to pick up a television, computer or smartphone, you’ll likely find better deals on or around Black Friday, when electronic prices are likely to dip, she said.
Using e-commerce-focused browser extensions can help you maximize your savings during your next online shopping spree. Paypal Honey, an in-browser bargain-hunting tool, automatically searches for and tests available coupon codes for more than 30,000 online shops. Meanwhile, Rakuten offers cash-back deals for shopping at over 3,500 stores, including Target, Macy’s, Walmart, Ulta and Nike.
Lastly, Amazon shoppers can use tools such as CamelCamelCamel to monitor millions of product prices and receive alerts when those prices drop.

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Before the turkey goes in the oven and before the first political argument begins to brew, there’s the Macy’s Thanksgiving Day Parade.
For 97 years, the retailer has kicked off the holiday and ushered in the official start of shopping season with singers, giant balloons, and marching bands. It’s a gentle start to what can become a stressful day.
This year’s parade will see some changes—from a new start time to new balloons. Here’s everything you need to know about the annual tradition.
This year’s parade starts a bit earlier than usual, kicking off at 8:30 a.m. ET. If that’s too early (or you’re on the West Coast), a re-broadcast will run starting at 2:00 p.m. ET.
The parse is scheduled to last 3.5 hours, so the initial broadcast will run until noon, while the rebroadcast will wrap up at 5:30 p.m.
The annual event will broadcast over the air simultaneously on NBC and Telemundo. The best way to watch for free on a big screen is with a good HD antenna. To ensure you’re getting the most reliable signal, be sure to test the antenna in multiple locations in your home.
Indeed you can. Try one of these options:
NBC’s streaming service will give you access to the Parade, as well as today’s NFL evening game. You can get a seven-day free trial, followed by a $6 or $12 monthly charge. (The free version of Peacock does not include live sports.)
Disney’s bundle of Disney+, Hulu and ESPN+ no longer has a free trial, so you’ll have to pay $15 per month for all three combined (or $25 per month for no ads on Hulu).
Including Live TV in the bundle bumps the price to $77 per month ($90 with no ads).
The free trial on this service is no longer offered, as well. It will now cost you $77 per month.
After up to a two-week trial, you can expect monthly charges of $73.
Dish Network’s Sling lower-tiered “Orange” plan will run you $40 per month. Adding the more comprehensive “Blue” plan bumps the cost to $55 per month. The seven-day free trial has disappeared, but the cord-cutting service is offering 50% off of the first month’s bill.
Formerly known as DirecTV Now, AT&T TVNow and AT&T TV, this oft-renamed streaming service will run you $75 per month and up after the free trial option.
This sports-focused cord-cutting service carries broadcast networks in most markets, so you should be able to see the parade with no trouble. There’s a seven-day free trial, followed by monthly charges of $75 and up, depending on the channels you choose.
There are seven new balloons joining the parade this year:
They’ll be joined by old favorites, including Stuart the Minion, Grogu (aka Baby Yoda) and Smokey Bear.
Jon Batiste and Cher are the headliners of this year’s parade. But you’ll also see Bell Biv DeVoe, Chicago, En Vogue, David Foster and Katharine McPhee and the Sesame Street muppets, among others.
The parade begins at West 77th Street and Central Park West, following a winding 2.5-mile path to Macy’s flagship store in Herald Square. If you’re hoping to go in person, it’s good to know that not all spots along the route allow public viewing. Try Central Park West between 60th and 75th street or on Sixth Avenue between West 59th and 38th Streets. Come early. Real early.
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Americans are catching a break on the cost of flying for the busy holiday travel season.
Airfares were down more than 13% last month compared to a year ago, according to Consumer Price Index data. Flights are also modestly less pricey than just before the pandemic, with airfares some 5% lower than they were in October 2019.
Domestic, roundtrip airfares around Thanksgiving are $266 on average, down about 10% compared to a year prior, according to travel booking site Hopper. “Prices are significantly lower” this year, Hopper spokesperson Lindsay Schwimer told CBS MoneyWatch.
To be sure, it’s late in the game to book Thanksgiving travel. The best time to get deals on airfare is typically six to eight weeks ahead of the travel date, according to experts.
“For Thanksgiving, it’s the last minute. But if you’re flexible with your destination and dates, travelers can find some really good last minute deals,” Schwimer said.
But there are still opportunities to save on Christmas travel relative to last year. “Overall, prices are down from the holidays compared to last year and pre-pandemic. We’re seeing some good deals,” Schwimer said.
Average domestic, roundtrip airfares around Christmas are $324, down 15% from last year and 11% lower than the same period in 2019.
Data from flight aggregator and search site Kayak shows that prices for Christmastime flights are down 23% compared to a year ago.
“Flights were pretty expensive last year, so they’re not necessarily cheap, but they have come down significantly,”Kayla Deloache, Kayak’s consumer travel trends expert, told CBS MoneyWatch.
Fares are down despite strong demand, with more Americans than ever expected to travel over the holidays this year. Although that puts upward pressure on fares, jet fuel prices have come down and airlines have increased their capacity, keeping ticket costs in check.
“We’ve seen a shift back to normalcy in terms of prices, and a lot of the domestic airline capacity has come back to what we saw pre-pandemic, which means more planes flying than what we saw in past few years,” Schwimer said.
Another reason airfares are lower, according to travel rewards expert Sally French, is due to the airline practice of unbundling fares. To offer different tiered tickets, airlines these days usually offer passengers a low base fare and ask them to pay extra for features like the ability to check a bag, select a seat assignment, use wifi, or eat and drink during the flight.
“We are seeing lower base airfares, and things that are available à la carte, which is not necessarily a bad thing. If you don’t check bags or get a drink, you can get a lower airfare,” French said.
If you see a good deal, book it right away, travel experts advise. The U.S. Department of Transportation requires airlines to allow customers to cancel their reservations for no penalty within 24 hours of making a reservation.
“If you see a flight you expect to take, book it. You can sleep on it and cancel it with no penalty,” French said.
Around Thanksgiving, people typically prefer to travel the Wednesday before the holiday and return home the following Sunday, making those two of the busiest — and priciest — days of the year to travel domestically.
“Those are the most difficult days to find reasonable airfares,” said Sheldon Jacobson, a computer scientist who closely follows airline data.
For a better shot at finding a deal, look for flights on Thanksgiving Day. “If you travel in the morning, the airport is not as busy, you can arrive and have dinner later in the afternoon or evening,” he said.
Also consider returning home late in the day on Friday, before the weekend rush. “You can catch some excellent fares because the airlines are flying anyway, and if they don’t fill the seats they’ll find a way to attract people,” Jacobson added.
Extending the holiday can also yield savings if travelers return home on the Monday or Tuesday after Thanksgiving.
In addition to traveling on Tuesday, search for deals on future flights for even more savings. The Tuesday following Thanksgiving offers the greatest number of flight deals, according to Hopper data. This year, for example, the flight site is expecting discounts of up to 80% on trips to destinations including Hawaii, Orlando, Florida, Phoenix and Las Vegas.

Some types of consumer electronics are already discounted more than a month before Christmas Day, but retailers are expected to roll out the sweetest deals of the year during the traditional price-slashing window between Black Friday and Cyber Monday.
Through November 16, shoppers can find 10% to 20% discounts on televisions, video game consoles, computers and other tech gear, according to Adobe Digital Insights. That lets consumers get a jump on their holiday shopping while still saving money.
“Now is a good period for consumers,” Adobe Digital Insights manager Vivek Pandya told CBS MoneyWatch.
But consumers will have to weigh what is most important — getting the best deal or ensuring they getting the exact tech product they want.
“What they are negotiating is waiting for best discounts between Thanksgiving and Cyber Monday, or trying to get some of these items before they sell out,” Pandya said.
For shoppers who want to hold out for the greatest savings, it could pay to wait for the “Cyber Five” period, the five-day span between Thanksgiving and Cyber Monday, to buys products like TVs and sound systems. Other electronics will be discounted by as much as 30% on Cyber Monday, according to Adobe.
For TVs, look for discounts on Black Friday, which this year falls on November 24. The best day to shop for deals on computers will be Saturday, November 25, according to Pandya.
But retailers are nimble, and if they don’t clear enough inventory during that period, they can introduce surprise discounts on other dates too.
“There are going to be competitive moments to get discounts throughout the season,” he noted.
After Cyber Monday on November 27, discounts are likely to weaken but will remain as high as 16% off, Adobe projects.
Melissa Tatoris, vice president of retail at Zeta Global, also expects the best electronics deals to land on Cyber Monday, although shoppers could still find deep discounts later in the season.
“Retailers will be flexible if they have to go a couple basis points deeper toward the holidays because they didn’t clear their inventory,” she told CBS MoneyWatch.
After Christmas, retailers typically mark down any remaining seasonal inventory.
In years past, the best day of the year to score deals on electronics typically fell after Christmas on Dec. 27. But retailers are not expected to have a lot of excess inventory on hand this year.
“The risk with waiting until after Christmas is that typically that is when retailers mark down their extra seasonal inventory. However, retailers this year are signaling that they are doing a better job with forecasting and that their supply chains are in better shape,” Deloitte retail strategy principal Brian McCarthy told CBS MoneyWatch.
“As a consumer, I could take my chances in getting a post-Christmas deal, but would risk the chance of not having a lot of selection,” he said.