We are just a few days away from Labor Day weekend, which means sales are either already in full swing or on the brink of starting. However, this year you may not be able to score an epic deal on a brand new electric stove as you had originally anticipated. Why? The pandemic has caused a major shortage of several home appliances.
While Labor Day weekend sales historically haven’t been as impressive as those offered on other holidays such as Black Friday, Independence Day, and Memorial Day, the weekend offers shoppers an opportunity to save a considerable amount of cash on more expensive items.
Still, the New York Post reports that the end-of-summer blowout sale won’t be as exciting this year because of the effects coronavirus has had on consumer behavior. Big kitchen appliances such as gas and electric stoves, refrigerators, and dishwashers are currently in short supply at the factory level because so many people have used their extra funds—that likely would have been spent on travel and other fun activities—to renovate and redecorate their homes. This year many stores don’t have enough home appliances in stock to run promotions on.
For example, GE appliances offered discounted prices on about 330 appliance models last year, but this year that number has dropped to just 25—and that’s excluding washers, dryers, and dishwashers.
“We are spending 50 percent less on advertising this time of year than we did last year,” John Carey, owner of Designer Appliances in New Jersey, told The Post. “If the manufacturers know they can’t fulfill the orders, there is less incentive to try to drive sales at the dealers.”
Not only are people buying bigger kitchen appliances at higher than average rates this year, but the pandemic has also required factories and warehouses to operate at just 50% capacity to mitigate the spread of coronavirus.
“We are not over the hump yet,” John Taylor, LG spokesperson said to The Post. “The shortages and high demand is expected to continue for several more months.”
If you want to get a great deal on a stove or refrigerator this Labor Day, you may have to travel to a large home improvement store such as Lowe’s and Home Depot to do so, as both places offering a few promotions on kitchen appliances nationwide.
For more, check out 15 Essential Walmart Gadgets for Literally Anyone Who Cooks.