Wal-Mart's Black Friday deals: High tech

Ad showing retailer's planned discounts focuses on consumer electronics like a Samsung 50-inch plasma HDTV, Magnavox Blu-ray player and Xbox 360.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Parija B. Kavilanz, CNNMoney.com senior writer

What should Congress do for U.S. automakers?
  • Lend them money
  • Do nothing
  • Lend them money but kick out current execs

NEW YORK (CNNMoney.com) -- Wal-Mart is highlighting flat screen TVs, Blu-ray players, Xbox 360 consoles and home computers in its much-anticipated Black Friday deals this year, according to a copy of the retailer's circular obtained by CNNMoney.com.

Black Friday - the day after Thanksgiving - is one of the busiest shopping days for the nation's retailers. Black Friday is of particular interest this year because the country is experiencing a sharp slowdown in consumer spending.

Wal-Mart (WMT, Fortune 500) is not expected to officially unveil its Black Friday deals until Nov. 24. But as more Americans cut their holiday gift budgets this year, many will likely turn to discounters such as Wal-Mart in search of bargains.

According to the circular, Wal-Mart's so-called doorbuster deals offered between 5 a.m. and 10 a.m. ET will include a 50-inch Samsung plasma HDTV ($798), Magnavox Blu-ray player ($128), Xbox 360 ($199) sold with free Guitar Hero III Legends of Rock game and wireless guitar, HP Pavilion desktop computer ($398) and a UniFlame gas grill ($175).

In addition, Wal-Mart's Black Friday ad shows a GE microwave for $25, children's clothing priced between $4 and $8 and a variety of toys, including a Hannah Montana doll for $10 or less.

Wal-Mart spokeswoman Melissa O'Brien declined to address the leaks from the Black Friday sales circular, saying only that "we plan to share the facts directly with customers on Monday, Nov. 24th."

Still, the retailer in recent days has made no secret of its intention to aggressively court this year's budget-conscious holiday shoppers.

Last week, the retailer said it would offer more discounts on thousands of products over the next seven weeks.

Judging from other leaked Black Friday ads, additional retailers are also readying huge discounts in a bid to tempt reluctant shoppers.

Sears' leaked Black Friday circular, which appeared last month on Gottadeal.com, a Web site that markets itself as one of many "official" Black Friday deals sites, showed the retailer would offer deals on washer-dryers, a category that Sears' hasn't heavily promoted in the past.

One of Sears' standout deals for Black Friday is a Kenmore high efficiency front-load washer-dryer set for $599.99. That's as much as 50% off the price of the individual washer and dryer.

"This really is an incredible deal, and it indicates how nervous retailers are about the season," said Britt Beemer, retail analyst and chairman of America's Research Group.  To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.