The holiday shopping season is officially here and major retailers are offering special deals. Walmart has announced multiple sales events in the run-up to Black Friday. What are Walmart’s Black Friday deals? What are Target and Best Buy’s Black Friday deals? How do the prospects look for Walmart stock?
Walmart's Black Friday deals
This year, Black Friday is on Nov. 27. However, companies have already started launching Black Friday deals. Now, early deals are part of the event just as much as Black Friday itself. Walmart is hosting three separate sales events leading up to Black Friday. The company has dubbed the events as “Black Friday Deals for Days!” Each of the events will start online at Walmart.com and will continue in its stores. However, there are certain savings that can only be achieved online, while others are available exclusively in stores.
- The first event started on Walmart.com on Nov. 4 at 7:00 p.m. ET. More deals will be added to the event online on Nov. 7 at 12:00 a.m. ET and 5:00 a.m. ET (local time) in stores.
- The second event will start online on Nov. 11 at 7:00 p.m. ET. More deals will be added online on Nov. 14 at 12:00 a.m. ET and in stores at 5:00 a.m. ET.
- Walmart will be wrapping up the discount season with its third Black Friday sales event on Nov. 25 (online) at 7:00 p.m. ET. There will be more new deals online on Nov. 27 at 12:00 a.m. ET and in stores at 5:00 a.m. ET.
Consumers will get good discounts on a range of products including electronics and small appliances.
Walmart's Black Friday 2020 ad
Walmart's Black Friday ad is one of the most anticipated every year. The company unveiled its first Black Friday 2020 ad on Oct. 30. Walmart has multiple Black Friday ads this year as part of its “Black Friday Deals for Days!” event.
Walmart's Black Friday TV
Walmart is offering discount deals on a number of products including TVs. The TVs on offer will include brands from Samsung, Onn, Vizio, TCL, Sceptre, LG, Hisense, and RCA among other brands. Some TVs that have discounts by technology include UHD, QLED, LED, OLED, and Roku. For example, the Onn 65-inch 4k Roku TV is available for just $228 (previously $398). This is one of the lowest prices for a 65-inch 4k TV.
What are Target's Black Friday deals?
Target has also launched the first of its many Black Friday sales events. On Oct. 29, Target started offering discounts on several of its product categories including tech, small kitchen appliances, and audio gear. The company will announce the prices for the following week’s deals every Thursday. The retailer will also extend its 14-day Price Match Guarantee for a limited time through the holiday season.
What are Best Buy's plans for Black Friday?
Best Buy will also have multiple short sales in the run-up to Black Friday. The company kicked off its holiday season sales earlier this month with an “Early Black Friday” event. Best Buy also had a 60-hour sales event, which discounted all Amazon devices. Here's Best Buy's sale schedule:
• Nov. 5–8: The Wish List Sale
• Nov. 11: The Treat Yourself Sale
• Nov. 12–14: Our Coolest Deals Sale
• Nov. 16–17: Early access to thousands of deals from the Black Friday ad, for My Best Buy members only
• Nov. 22: Nearly all Black Friday deals become available
• Nov. 26: New offers available on Thanksgiving Day on BestBuy.com
• Nov. 27: Shop online or in our store (limited in-store capacity) on Black Friday
• Nov. 28: Cyber Deals kick-off
Walmart ecommerce sales were up 97% in Q2. Strong buy, they don't have a single competitor in this space. Seriously, name another big ecommerce company that can compete with Walmart. You can't.— John W. B. Rich (Wealthy) (@richtechexec) August 18, 2020
Currently, 32 analysts cover Walmart stock. Among the analysts, 15 recommend a buy, 15 recommend a hold, and two recommend a sell for the stock. The consensus target price is $147.73, which implies an upside of 4 percent for the stock.
The retail giant continues to lock horns with the e-commerce giant Amazon with some success. The COVID-19 pandemic has accelerated the online shift. Walmart is also aggressively trying to shift its sales online. The company's e-commerce sales grew by 97 percent in the second quarter of fiscal 2021. Walmart's e-commerce segment will likely continue to grow at a high rate, which should drive the company's long-term profitability.