Only one in seven Black Friday deals are a genuine bargain – Which? study claims | Personal Finance | Finance

Which? analysed 214 Black Friday deals last year across seven major retailers – Amazon, AO, Argos, Currys, John Lewis, Richer Sounds and Very – looking at their prices every day in the six months before and after last year’s event on November 26.

The watchdog found 183 (86 percent) were cheaper or the same as their Black Friday price in the six months before the event and 209 (98 percent) were cheaper or the same price at other times in the year. None were cheaper on Black Friday alone.

Which? concluded that although there were some deals to be had on Black Friday, genuine discounts were “often few and far between”.

Ahead of this year’s Black Friday on November 25, Which? urged consumers not to “fall for the hype” without carefully examining whether items were really worth buying and that the “discounted” price offered a genuine saving.

In one example, Which? found a Zanussi chimney cooker hood was £239 on Black Friday in 2021 at John Lewis, with a £30 saving, but had been the same price since November 9 and was reduced to £160 for a fortnight in August.

It only increased to £269 on October 13, meaning that the so-called £30 saving did not amount to a worthwhile deal.

Also at John Lewis, Which? found a Bosch fridge for £869 that dropped in price by £20 less than a week later. It stayed at the lower price every day until February 23 this year.

A Leisure freestanding electric range cooker cost £969 at AO on Black Friday last year with a £30 saving. However, it remained at this price until December 23, when it dropped further. Which? found that it did not return to above the pre-Black Friday price until February.

Very offered a Toshiba TV for £279 on Black Friday last year, with a claimed £100 saving. However, Which? found it had cost £379 for just three days in the month before Black Friday. It stayed at £279 until December 22, when it dropped further to £275.

Even when including discounts applied in the two weeks around Black Friday, Which? found that 186 (87 percent) of the deals had a lower or equal price at another time.

The watchdog named Amazon and Very as the “worst retailers overall for dubious discounts”, with more than 70 percent of products included in Which?’s analysis cheaper at other times of the year compared to their Black Friday price.

Which? retail editor Reena Sewraz said: “Our research shows that finding a good deal on Black Friday is like looking for a needle in a haystack.

“It’s rarely the cheapest time to shop and you’ll probably find the things you want are the same price or cheaper as we head towards Christmas, the New Year and beyond.

“Retailers are not blind to the extra pressures on people’s finances this year and will be keen to use Black Friday to attract people looking to get the most for their money, so we should still expect some deals. Our advice is to take the time to do some research if you want to find a genuine bargain.”

An AO spokesman said: “The internet is almost always the cheapest place to buy electricals and our over 350,000 four-star-plus Trustpilot reviews demonstrate it’s also a better way to buy the category. Black Friday itself remains but one part of the many deals we offer customers throughout the year.”