Here's more proof that Black Friday shopping
is a competitive sport for retailers: Walmart's new "Dare to Compare"
promotion for Black Friday, which promises to match or beat the best
online prices offered by several major retailers. Not every product is
covered, but Walmart says it will check prices on certain items,
including TVs, throughout the day, and revise its deals at least every
hour, and sometimes as frequently as every 15 minutes.
The program includes Best Buy
and Target, but it seems to specifically target Amazon and its rapidly
evolving Black Friday deals. Yesterday, we profiled some of Amazon's Black Friday specials, including Deals of the Day and Lightning Deals, which are spread over an eight-day period.
On Walmart's Dare to Compare site,
the fine print says that the retailer is tracking prices on select
online items from a number of retailers, including Amazon, Best Buy,
Home Depots, Toys "R" Us and Babies "R" Us. On the right-hand side of
the page, just below the Dare to Compare banner, there's a notice of
when the five pages of watched items was last updated.
Although the deals change
regularly, a lot of the TV deals early this morning when we looked were
on secondary brands, such as RCA and Sceptre, though we also saw a few
Vizio TVs. But it's not just TVs: The price-beating program covers a
broad range of product categories, from toys to tablets to kitchen appliances.
TV Deals
Here are some of the TV deals we saw early this morning, along with Walmart's assessment of its competitors' pricing:
- A 32-inch Sceptre X322BV-MQC for $140; Amazon, it said, was selling it for about $175.
- A 50-inch Sceptre X505BV-FMQR1080p TV for $330, compared to $398 at Amazon.
- A 55-inch RCA LED55G55R120Q 1080p TV for $450, compared to $520 at Amazon. (Walmart had this set for $400 this summer when it matched Amazon's Prime Day sales.) We reviewed the 65-inch version of this set.
- A 50-inch RCA LED50B45RQ 1080p TV for $370, $438 at Amazon. Walmart and Sears both had this same set during Black Friday last year for $380.
- A 55-inch Vizio E55-C2 1080p smart TV for $568. It's $600 at Target and $630 at Amazon. This set is in our TV Ratings, available to subscribers.
- A 43-inch Vizio D43-C1 1080p TV for $298. It's $326 at Amazon. This set is also in our Ratings.
There was also a
low-priced 49-inch Sceptre U500CV-UMK UHD TV for $350, which disappeared
briefly, and seemed to be nearly out of stock at Amazon. When we
checked back later, the item had returned to Walmart's site, and there
were 10 sets on Amazon, priced at $420 each. It all goes to show how
quickly these deals are changing.
We expect price competition to
get even fiercer next week, as we get closer to Thanksgiving and Black
Friday. While stores used to get locked into the deals they printed in
their Black Friday circulars, in the online age, retailers can
constantly monitor competitors' pricing and make adjustments. So we
anticipate that pricing this year will be especially fluid as retailers
react right though the Black Friday weekend and into Cyber Monday.
Over the next week, we'll be
compiling a list of the best Black Friday TV deals we've seen, so keep
checking back for news on where to find the biggest bargains. In the
meantime, take a look at our top 10 Black Friday shopping tips.
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