October 12, 2020
When Amazon pushed back its annual Prime Days e-commerce sales event from the summer to Oct. 13-14, big box competitors were faced with a decision: counter the online behemoth’s signature event that generated more than $7 billion in sales last year with competing discounts, or wait until November’s Black Friday, the industry’s traditional retail event the day after Thanksgiving.
They’re doing both.
Big box chains such as Target, Walmart and Best Best Buy are launching Black Friday-type discounts this week on select big-ticket consumer electronics, toys, clothing and gaming items in an effort to lure consumers with contactless retail, including curbside delivery of both in-store and e-commerce transactions in the COVID-19 era.
Target is bowing “Deal Days,” and Best Buy is offering early access to select Black Friday deals during the same Prime Days period. Walmart, which recently launched its own retail subscription program to compete with the Prime membership, began its “Big Save Event” on Oct. 11 (at 7 p.m. ET) through Oct. 15.
Walmart is offering 21% Off JVC 32-inch class HD Roku Smart LED televisions, 32% of Samsung Smart Watches, $100 Off Beats Solo Pro Wireless headsets, 24% Off Roku Streaming Stick.
Best Buy is marketing a 70-inch Samsung 4K HD Smart TV for $529.99. It will also sell laptop computers priced at $119.99 as part of the early sale.
“This will be a holiday season like no other, and we want to help our customers shop how, where and when they want,” Best Buy spokesman Keegan Shoutz told USA Today. “This year, that means helping them start their shopping early, by starting our Black Friday deals earlier than ever before.”
Target said it would offer deals on “hundreds of thousands of items across its electronics, toys, beauty, and home departments,” including offering contactless drive-up and order pickup on many items. Indeed, fast-forwarding Black Friday discounts enables chains to promote their enhanced safety protocols while minimizing the traditional long lines and crowded malls in November.
“There are so many unknown variables this year,” Tyson Cornell, head of the U.S. consumer markets group at PwC, told The Washington Post. “By kicking off sales in October, [retailers] are hoping to spread consumer traffic and demand over the next few months, helping them maintain social distancing in stores, consistently move inventory and adjust their strategies based on early consumer demand.”
James Zahn, senior editor of trade magazine Toy Insider, said the stampede mentality of the past, with doorbusters sales and Black Friday deals every weekend, is being replaced by earlier, season-long discounts.
“We’re in a health crisis, so retailers are having to rethink how they get products into families’ hands,” Zahn said.