Walmart to extend Black Friday promos in light of consumer’s spending habits

14.10.2020 - Davydova Maria
Walmart to extend Black Friday promos in light of consumer’s spending habits

On Wednesday, Walmart Inc. (WMT.N) announced that it would start its Black Friday promos beyond the usual one day period this year.

The American multinational retail corporation said that consumers changed their spending habits after the coronavirus pandemic severely affected the retail industry.

“Although this year’s event looks different, our commitment to what our customers depend on us for… hasn’t changed,” Walmart’s U.S. Executive Vice President and Chief Merchandising Officer Scott McCall said.

Other retailers such as Target (TGT.N), Best Buy (BBY.N), and Kohl’s (KSS.N) announced its plans to roll-out their earliest shopping season while moving winter holiday promotions forward to as early as this month.

The world’s largest retailer stated that it would offer reduced prices during three separate savings events across November 2020. The firm added that each savings event would begin online at its website and continue in Walmart stores. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?