Amazon and Walmart lure early holiday shoppers with discounts

New York — Amazon, Walmart, Target and other large retailers launched US sales on Monday and Tuesday, dangling discounts on narrow selections of merchandise more than six weeks before Black Friday, one of the biggest shopping days of the year.

Total sales of merchandise between November and January are expected to rise 3.5%- 4.6%, reaching between $1.54-trillion and $1.56-trillion, according to Deloitte.

In recent years, retailers such as Amazon and Walmart have sought to boost their bottom lines and spread out demand by hosting holiday shopping events online in early October.

With its Prime Big Deal Days, which started on Tuesday, Amazon invited shoppers to sign up for pop-up deals and sales on limited-quantity items including air fryers, sparkling water makers and men’s watches.

Neil Saunders, MD at GlobalData, said retailers’ use of flash sales and invite-only deals is an attempt to recreate the momentum seen in “doorbuster deals” that encourage shoppers to line up outside stores to make impulse purchases on Black Fridays of prior years.

Inflation remains a top concern for holiday shoppers, according to a KPMG survey, leading some to seek out deals on possible gifts. KPMG consumer and retail national sector leader Matt Kramer said shoppers have “the savviness” to research more discounts and coupons before purchasing.

Some shoppers in search of bargains may sit out the October shopping events, waiting to buy big-ticket items such as tablets, laptops and televisions until Black Friday, the day after US Thanksgiving, and Cyber Monday, the Monday after Thanksgiving.

Walmart, which revealed discounts for its four-day Holiday Kickoff event at midday on Monday, posted deals on Dyson vacuums, HP laptops and Apple products, much like Amazon and Target.

Target launched seven days worth of deals during the first week of October with hopes that shoppers would opt for its discounts on Lego toy sets, Apple Watches and home goods. The Target Circle event started nearly a week earlier than its October sales event in 2022.

Reuters