• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

2

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
RetailHoliday Season

Wal-Mart, Target gird for toughest Black Friday battle yet

Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
November 12, 2014, 12:01 AM ET
Shoppers wait in line to pay for their p
Photograph by Robyn Beck — AFP/Getty Images

The largest U.S. retailers have thrown down the gauntlet this year and announced deeper Black Friday weekend discounts than ever over a longer period, as they are desperate not to lose a single penny to the competition during the holiday shopping wars.

Wal-Mart Stores (WMT), which recently lowered its sales forecast for the year, stirring fears about its holiday prospects, has announced an aggressive program of deals for what is now a full-on Black Friday week. The plan includes bigger deals than last year on items such as TVs on Thanksgiving itself, week-long price cuts on 3,700 more items than in 2013, and a 24-hour pre-Black Friday sale today on its website.

Wal-Mart’s go-for-the-throat strategy comes as the retailer tries to return to U.S. comparable sales growth after six quarters. Black Friday, which now is the anchor to what has become a week-long kick-off to the holiday shopping season, isn’t always a firm indicator of how the holiday season will shape up for retailers. But no store can afford to do poorly that weekend, which sets the tone for a season that generates 30% of annual sales on average.

Target (TGT)—also in need of a successful holiday season after a Grinch called “Databreach” stole Christmas last year—has similarly been aggressive, holding a pre-Black Friday online sale this week and has removed all shipping costs since Oct. 22 through Dec. 20.


“You’ve seen a number of retailers pull forward their events throughout the weekend, and you’re seeing a lot of activity, which tells me it’s going to be very competitive,” Duncan MacNaughton, Walmart U.S.’s chief merchandising officer, told reporters during a media briefing.

Wal-Mart will kick off its Black Friday festivities with an online sale at midnight on Thanksgiving, continue with its first full-on in-store Black Friday (note to the retail industry—we need a new name for this—since the sales now start on Thursday) event at 6 p.m. that day, including nine items which Walmart guarantees that customers can buy between 6 p.m. or 7 p.m. get regardless of whether the store runs out of inventory. A second sale focused on electronics will start at 8 p.m., and a third sale will start at 6 a.m. on Friday the 28th. (Walmart stores have been open on Thanksgiving since 1988.)

And gross margins be damned, Wal-Mart’s prices appear to be lower than last year’s when Walmart sold a Vizio 60” Smart TV sold for $688 on Black Friday—this year a 65” Vizio Smart TV goes for $648. Wal-Mart is leaving nothing to chance—for the first time it is offering maps for each of its 4,000 or so stores so shoppers don’t get lost looking for that flatscreen being stocked in the frozen food section on this one occasion.

Target is also going all-in with more deals this year. The discount chain, which already held a pre-sale this week, will offer Black Friday deals starting on the preceding Sunday that will last for a week. And it will offer a few items on sale early on the Wednesday before the holiday. Meanwhile, Best Buy (BBY), to get a leg up on its rivals on a shopping day that is heavy on electronics, will open its stores at 5 p.m. on Thanksgiving with Black Friday deals. Its stores will remain open until 1 a.m., then re-open at 8 a.m. It will also hold an online-only “doorbuster” sale on Thanksgiving.

The onslaught of promotion is a tacit acknowledgement by retailers of how tough the season is going to be.

“Overall, just because you’ve moved the sales up, or extended them, or expanded Thanksgiving, that doesn’t increase the amount of money people will spend for the season,” said Craig Johnson, president of Customer Growth Partners, which has forecast a “sluggish” holiday season.

Wal-Mart appears to be dialing it up a notch this year—despite its big efforts in 2013, and Target’s abysmal holiday, Walmart was unable to pull off a holiday quarter with positive comparable sales growth in the holiday quarter last year.

It’s become a truism that Black Friday has been diluted by earlier and earlier sales in November, and the likes of mainstream stores like Macy’s (M) and J.C. Penney (JCP) opening on Thanksgiving. But the fact remains, Black Friday is still a big deal: ShopperTrak, a data firm, expects Black Friday to remain the second biggest sales day of the season, after the final Saturday before Christmas.

 

About the Author
Phil Wahba
By Phil WahbaSenior Writer
LinkedIn iconTwitter icon

Phil Wahba is a senior writer at Fortune primarily focused on leadership coverage, with a prior focus on retail.

See full bioRight Arrow Button Icon

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Retail

trump
EnvironmentWhite House
Trump reverses grocery, air conditioning pollution regulations because they’re too woke
By Matthew Daly and The Associated PressMay 21, 2026
7 hours ago
target
Retailearnings
Target posts biggest jump in comparable sales in 4 years as turnaround takes shape
By Anne D'Innocenzio and The Associated PressMay 20, 2026
1 day ago
Variational co-founders Edward Yu and Lucas Schuermann pose for a picture
CryptoCryptocurrency
Variational raises $50 million Series A to bring liquidity from traditional markets to blockchain rails
By Jack KubinecMay 20, 2026
2 days ago
A Pizza Hut workers prepares an order for delivery.
LawFood and drink
Pizza Hut franchisee claims $100 million losses from ‘cascading operational breakdowns’ in AI adoption gone wrong
By Sasha RogelbergMay 19, 2026
2 days ago
Photo of Donald Trump (left) with Mark Cuban
PoliticsDonald Trump
Trump and Mark Cuban end war of words to tag-team America’s drug pricing crisis: ‘Democrats want cheaper medications, too’
By Catherina GioinoMay 19, 2026
2 days ago
‘This is what the consumer wants’: A new lawsuit about PFAS and other ‘forever chemicals’ is heating up the cookware industry
Big TechLawsuit
‘This is what the consumer wants’: A new lawsuit about PFAS and other ‘forever chemicals’ is heating up the cookware industry
By Catherina GioinoMay 19, 2026
2 days ago

Most Popular

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
11 hours ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
Conferences
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
By Tristan BoveMay 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.