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Internet Buzz: Wal-Mart To Slash Electronics Prices

If speculation on the Internet is correct, Wal-Mart will announce blockbuster deals on electronics this Sunday that would normally run the day after Thanksgiving. "It looks like they are making a seven-to-eight week push and not putting all their hopes for a profitable quarter on Black Friday alone," writes GottaDeal.com founder Brad Olson in an e-mail.

This holiday seems to be all about price for Wal-Mart, since it began chopping prices on the season's hottest toys three weeks ago. Company officials have openly promised discounts on thousands of key gift, entertaining and holiday items.

High gas prices and an overextension of the trendy clothing line, Metro 7, to 1,500 stores are some of the reasons for Wal-Mart's weak sales growth (0.5%) last month. Store officials say the apparel was more suited to just 600 stores, mainly on the coasts.

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