Thanks to the rising Canadian dollar and the convenience of online shopping, you dont have to live in a border city to take advantage of the perennial Black Fridaydeals big-box retailers in the U.S. promote in attempts to kick off the Christmas shopping season.
With one third of American consumersand 44% of Canadian consumersplanning to cut back on holiday spending, retailers are changing their Black Friday strategies. Traditionally, most Black Friday discounts are based on loss leader strategies, so the deals are announced two or three days in advance and last only one day. But with economic data pointing to uncertainty, retailers cant afford to put all their faith in a one-day, in-store-only sale geared toward Americans. About 13.6-million Americans are still carrying debtfrom last Christmas. Canadian consumers owe $1.46for every dollar earned. The unemployment rate in the U.S. is 9.6%. In Canada, the rate is 7.9%.
Forrester Researchpredicts that online retail sales in the U.S. will grow 16% this holiday shopping season compared to last year. And with the cost of gasnearly $3 per gallon, why shouldnt they? Even if customers get charged for shipping, online buying can still save money. Familiarity and trust with online shopping among Canadians is increasing as well. Statistics Canadas most recent study on online shopping patterns reported that, in 2007, over 70-million orders were placed by some 8.4-million Canadians.
If you still want to pack up your car and take a trip South of the border, this year’s Black Friday is Nov. 26.
But before doing so, you should check out the work CanadianBusiness.comdid for you. We found some fantastic deals for Canadians willing to shop online. Don’t wait too long. We can’t guarantee these deals will last forever.
Heres a sneak peek at some of the discounts Canadians can take advantage of:
MICHAEL KORS WATCH
Description:The Rose Golden Chronograph Watch features a bracelet made of rose golden stainless steel. The face has three subdials and a date window.
Michael Kors boutique: $250
Zappos.com: $200, $10 shipping
Savings:$40, gas money, time and effort required to shop at a boutique.
Description:The camcorder featured here is the Canon Vixia HF R100. As a high-definition camcorder, the picture is much better than that of standard camcorders. Citizen journalists and amateur filmmakers will appreciate the mic input and headphone jack. Each of these features is rare for camcorders in this price range.
Sears price: $429
TheSource.ca price: $329, $5 shipping
ICE N’ GO ICE RINK KIT
Description:This kit gives your kids an opportunity to practice their salchows and stickhandling without leaving the house. No tools are required to assemble the rink. Blue and red lines mark the hockey zones. The manufacturer says it can be used on unleveled land, weather permitting.
This is just a sampling of the many deals available for Web-savvy Canadians. To see all of the deals we found on hot-ticket Christmas gifts, check out our complete gallery.