*
Retailers offer exclusive products and steep discounts
*
Shorter holiday season pressures retailers to maximize
sales
*
Inflation affects spending habits, increasing demand for
deals
*
Some U.S. stores to open as early as 5 a.m. on Black
Friday
(Adds details from Europe in paragraphs 3-6)
By Siddharth Cavale, James Davey and Helen Reid
NEW YORK/LONDON, Nov 29 (Reuters) - From Taylor Swift's
new Eras Tour book priced at $39.99 and sold only at Target ( TGT ), to
a $50.99 Jessica Simpson puffer coat at Walmart ( WMT ), marked down
from $84.99, retailers in Europe and the U.S. offered
bargain-hunting shoppers exclusive products and steeply
discounted general merchandise on Black Friday.
As retailers prepare to open as early as 5 a.m. after the
American Thanksgiving holiday, they are hoping more people seek
to close out their shopping lists despite a shorter timeframe.
Retailers in Europe threw open their doors first, with
British department store John Lewis offering reductions of up to
300 pounds ($381) on Samsung TVs, 210 pounds off Nespresso
coffee machines and up to 50 pounds off Apple merchandise.
London-listed consumer electricals retailer Currys ( DSITF ),
which is offering 171 pounds off Shark cordless vacuum cleaners,
said popular products so far were Sony's ( SONY ) PlayStation 5,
air fryers, retro tech such as Polaroid cameras, beer pumps,
pizza ovens and tumble dryers.
"The reason I am here is that I think everything is so
overpriced," said Kate Isaienko, 26, while browsing in a Zara
store on Oxford Street, one of London's main shopping
districts.
Isaienko, who took a day off work to hit the sales, said
clothes prices had increased significantly at Zara since she
moved to London from Ukraine and that she was looking to take
advantage of discounts.
In the U.S., Walmart ( WMT ), which operates 4,700 U.S. stores,
opens its doors at 6 a.m., as does Target ( TGT ), with 1,963
stores. Walmart ( WMT ) this year is offering a variety of deals
on Samsung TVs, Dyson vacuum cleaners, Lego and Hot Wheels toys,
Levi's jeans, and air fryers, although its pre-Black Friday
discounts began Nov. 11.
'SPONTANEOUS PURCHASES'
Target ( TGT ) cut prices by $100 on products such as a 75-inch
Westinghouse TV and Nintendo Switch gaming console, as well as
more than 50% off Barbie dolls, Keurig coffee machines and
KitchenAid mixers, deals which started on Thanksgiving and run
through Saturday. Target ( TGT ) is selling exclusive "Wicked"-related
products, including "Wicked" soundtrack CDs for $39.99 with an
offer of buy two get one free for Target Circle members.
The National Retail Federation, a U.S. retail trade group,
expects roughly 85.6 million shoppers to visit stores this year,
up from 76 million last year. Shoppers have only 26 days between
Thanksgiving and Christmas; last year, they had a more leisurely
31 days.
Adding pressure for retailers is inflation-fatigued
shoppers' reluctance to splurge unless they get good deals.
While most U.S. retailers are closed on Thanksgiving, some
like J.C. Penney will open as early as 5 a.m. to give shoppers a
holiday shopping head start. Best Buy ( BBY ), Lowe's
and Home Depot ( HD ) will open doors at 6 a.m., with Costco
, TJ Maxx, Ikea and Sephora opening between 7 a.m. and
10 a.m., according to local store postings.
"With fewer days to shop, consumers are more likely to make
spontaneous purchases, contributing to retail growth during the
holiday season," said Marshal Cohen, chief retail adviser at
Circana.
Black Friday marks the start of the Christmas shopping
season and is known for crowds lining up at big-box stores for
"doorbuster" discounts. But it has lost its luster as more
Americans shop online, a trend that accelerated by the pandemic.
Major brick-and-mortar retail chains plan to showcase
interactive products and experiences, including Ray-Ban
augmented-reality glasses, extra-extra-large TVs at electronics
retailer Best Buy ( BBY ), and spa services at U.S. department store
chain Nordstrom Inc. ( JWN )