Five Retailers to Watch Out For This Black Friday

During the last week of November in a normal year, buyers flood stores in America, finding their way through crowded aisles searching for bargains and massive discounts. 2020 has been anything but a normal year, but one thing we’ve seen is that nothing can stop people from shopping, not even the pandemic.

Before we get started, we deliberately left out Amazon because, well, it’s Amazon. That being said, here is a list of retailers offering holiday deals and racking up sales.

Home Depot

Household supplies and furnishing outlet Home Depot (NYSE: HD) emerged as big winners from the pandemic. With more people forced to stay and work from home, demand for home furnishings and decor pieces increased. Demand is likely to only increase as the holiday season barrels down from Thanksgiving towards Christmas.

Walmart

Walmart (NYSE: WMT), one of the largest retailers in America, will most likely remain a winner this holiday season. Shoppers have a wide variety of goods to shop from, including food, electronics, home goods, sporting goods, and more. Walmart also has the online machinery to tackle any issues with its offline stores with it’s flourishing digital presence.

Target

Target (NYSE: TGT) started Black Friday sales from the beginning of November and will run throughout the month. Target is not your traditional retail company. As a further incentive, Target is offering a price match guarantee for their Black Friday deals. The retail company hit a new 52-week high on Monday at $177.56 and surpassing the previous $174.41 peak. Target earlier reported a quarterly sales growth of $22.7 billion, from $18.2 billion a year earlier. The holiday shopping frenzy is likely going to give Target a continued upside.

Best Buy

Best Buy (NYSE: BBY) is an online retailer offering holiday electronics deals. Buyers typically wait for Thanksgiving and Black Friday to shop for electronics due to their usual high cost. Electronics, including computers and entertainment gadgets. The retail giant reported third-quarter earnings on Tuesday. Same-store sales grew by 23%, and its online sales in the U.S. grew by 174% in the third quarter.

Jumia

While Jumia(NYSE: JMIA) is an Africa centered brand, the retail company has been offering Black Friday sales throughout November. Jumia’s transition to consumer goods is likely paying off because Jumia is on an upward march. Trading at $30.4 highest price since the company’s IPO. Jumia has efficiently cut costs, including from its advertising budget. The e-commerce company is now enjoying revenue from third-party sellers.