After two years of pandemic-related shortages, many retailers are now overstocked with merchandise. That could mean some of the best Labor Day sales we have ever seen.
Looking for a good deal? This weekend brings some of the biggest sales between the summer, and Black Friday in November.
At Ace Hardware, workers are getting ready for a big Labor Day weekend, as they are at many other stores.Shannon Phoenix is ready to do some shopping. "I'll be out, most likely because it is going to be my birthday, so I am sure I am going to buy myself something nice," she said.In a normal year, you'll find the largest Labor Day markdowns on summer clearance. But, retail experts say this year, stores are so overstocked with items they ordered during the pandemic. And you should find more deals than usual.
Once stimulus checks ran out, and gas prices soared, shoppers tightened their purse strings, and at the same time, stores finally got all their orders delivered.Smart shopping expert Trae Bodge of TrueTrae.com says that means great markdowns on"your large appliances, your mattresses, and furniture," she said."Fall clothing is coming in later than expected," Trae said.
"We are going to be seeing the extra inventory they have, and the role that it plays in pricing for a good long while," she said."Specifically, we're gonna see it until they sell those goods."Or do some early holiday or birthday shopping, as Shannon Phoenix is hoping,And you don't need to wait till Saturday to shop: Many stores have already begun their Labor Day sales, so you don't waste your money.
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