Wal-Mart just announce that it is extending its Cyber Monday Deals all week, in a move that is sure to be followed by KMART, and others, although, a quick check of KMART’s site does not show that they have done so yet. Wal Mart has a long history of driving prices through the floor, and forcing its competitors to follow suit, so we think Amazon and possibly Best Buy may follow with their own “cyber week” campaigns. Great news for consumers, but likely a move that will frustrate other online retailers, particularly smaller ones.
Wal-Mart was on our weekend list of some of the best Cyber Monday online deals, having also made our list for the best Black Friday deals. Realizing that consumers are shopping for a number of electronic items this Cyber Monday (now apparently cyber week), the retailer has focused many of its deals on popular electronics like HDTV’s and video game systems. These were items that were slow sellers earlier this year due to the tough economic situation, but consumers seem to be eating them up.
Wal-mart’s cyber monday traffic was apparently down today according to some reports, and that may be the reason it coined the term “Cyber week.” We’re going to be watching for the best deals all week.