Walmart Announces Black Friday 2011 Best Deals Promo

As the annual holiday shopping bonanza gets closer, businesses are beginning to announce their plans and promotions. Mega-retailer Wal-Mart rolled out its Black Friday plans today via Facebook and walmart.com, reports Hayley Tsukayama:

Really early birds can get in on the deals for toys, home and apparel starting at 1o p.m. Thanksgiving Day — presumably fighting for deals will help you work off the stuffing. “Our customers told us they would rather stay up late to shop than get up early, so we’re going to hold special events on Thanksgiving and Black Friday,” said Duncan Mac Naughton, Wal-Mart’s chief merchandising officer for the United States, in a statement.

Electronics deals will switch on at midnight Black Friday and general deals will continue from 8 a.m. Nov. 25 through the weekend.

Some of the better deals listed in the Friday circular include an Xbox 360 4GB model with Kinect for $199.96, which also includes a $50 gift certificate, or a bundle that will add a $100 Wal-Mart gift card with any smartphone with a contract — excluding the iPhone.

Until the popularity of these daily deal sites, retailers were able to stomach steep discounts for one day a year during the holiday season, since these amazing bargains were essentially loss-leaders — they got people through the door to shop for regular-priced items after they finished scooping up $99 big-screen TV sets. The deals were so attractive and rare that people lined up in a cold parking lot at 4 a.m. to take part.