Days before the Thanksgiving, Black Friday retail war has already started brewing at Walmart as the nation’s superstore matches some of Target and Best Buy’s top Black Friday deals.
“That’s insane,” Stan Pohmer, a Twin Cities retail analyst, said of Walmart’s overt taunting of Target and Best Buy, among others. “They’re going after the other big guys. They’re taking the fight to them.” Though shoppers might cheer bigger and juicier deals, and it could dilute their passion for Black Friday, that modern day-after-Thanksgiving tradition, which now kicks off ever earlier Thanksgiving night.
“Obviously, we are watching developments on a day-by-day basis,” Best Buy CEO Hubert Joly told analysts, hinting that the electronics giant is preparing to respond.
“We need to be in the game, so that’s what we’re going to do,” Joly said, as he discussed Best Buy’s third-quarter results.
Pohmer said Target can’t ignore the Black Friday price war. “They have to make at least a token response. But if (Walmart) is doing this … Friday and Saturday, it doesn't give them a lot of time to respond.”
For more trending news and updates, like us on Facebook follow us on Twitter add us to your circle in Google+ and we will keep you posted directly on your news feeds.
No comments: