Walmart’s Hottest Deals Of The Year

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By Douglas A. McIntyre Updated Published
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Walmart’s Hottest Deals Of The Year

© courtesy of Wal-Mart Stores Inc.

Walmart (NYSE: WMT) has a number of products on which its has offered prices reductions. According to the world’s largest retailer these are the “hottest deals of the year”. Walmart’s challenge is that every other retailer, and Amazon (NASDAQ: AMZN) have “hottest deals of the year” as well. Big discount offers from all retailers have gotten lost in a sea of price cuts.

At the heart of Walmart’s tactics are showing consumers how much they can save on specific products. Many of these are in the consumer electronics category. Walmart has cut the price on the Apple (NASDAQ: AAPL) iPad mini2 from $268 to $199. Apple has struggled to bring iPad sales up in the last two quarter, an indication that the tablet is not popular.

A number of the Walmart deals are on off brand which the retailer can sell cheaply. For example, it has heavily discounted RCA computers, which is different from promoting brands like Dell and Samsung which all consumers have already heard of,

Walmart management has taken aim at Toys ‘R’ Us and any large big box or departments store retailer with low priced toys. Presumably a great deal of the shopping over the holiday will be parents buying gifts for children. Walmart has cut prices on some toys by a third. The price of the Barbie 2915 Holiday Barbie has been cut to $25 from $34.44. This may be a bargain. However, in the last two years Barbie has been left on the shelf as Lego sales have risen.

Steve Bratspies, chief merchandising officer, Walmart U.S. said at Thanksgiving ended:

“Then, at 6:00 p.m., we turned on the Black Friday magic in stores. Customers were excited about the return of ‘one big Black Friday event.’ It was simple and easy to shop, and customers took advantage of offers across channels.

“We’ve said this Black Friday would be the most integrated between Walmart stores and Walmart.com – and we delivered. Tens of millions of customers visited our digital and physical aisles to pick up video games and systems, televisions, movies and toys, many of the top items sold both on Walmart.com and in stores. And, they prepped beforehand – more than 25 million customers accessed store maps and the circular through our online and mobile tools for Black Friday.

After struggling for the last several quarters, Walmart needs to have those shoppers to turn into customers

 

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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