Which Stores Are Offering The Best Black Friday Deals?

LONG ISLAND, NY - Starting next week Long Islanders will be looking for the best Black Friday deals to get their holiday shopping done earlier.

With sales starting earlier and many retailers offering even deeper price cuts this year, the personal-finance website WalletHub released its report on 2018's Best Stores for Black Friday.

WalletHub surveyed nearly 7,000 deals from 35 of the biggest U.S. retailers' 2018 Black Friday ad scans to identify the stores offering the biggest discounts in various product categories such as "Appliances," "Jewelry" and "Toys."

While the top retailer with the biggest discounts, Belk has no Long Island locations, the second on the list, JCPenney, has locations in Garden City, Valley Stream, Bay Shore and Lake Grove.

Check out the full list of the top 10 stores that offer the best discounts along with the average discount percentage:

1. Belk (68.91%)
2. JCPenney (65.13%)
3. Stage (62.08%)
4. Kohl's (60.76%)
5. New York & Company (54.52%)
6. Payless ShoeSource (50.34%)
7. Dick's Sporting Goods (49.94%)
8. Macy's (48.74%)
9. Fred Meyer (45.30%)
10. Shopko (45.23%)

Some more statistics from the report:

• Belk has the highest overall discount rate at 68.91 percent, whereas True Value has the lowest at 16.31 percent.
• The overall average discount for Black Friday is 37 percent. Consumers should aim for this discount amount or higher to avoid Black-Friday traps.
• The "Apparel & Accessories" category has the biggest share of discounted items, 23.28 percent of all offers, whereas the "Books, Movies and Music" category has the smallest at 0.82 percent.

To view the full report and each retailer's rank in all product categories, click here.

Image via Shutterstock