📺 Stream EntrepreneurTV for Free 📺

Wal-Mart Will Offer Cyber Monday Deals Starting Black Friday Wal-Mart's special web promotions will be available on Black Friday, the retailer said in a statement late on Sunday.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Ken Wolter / Shutterstock

Wal-Mart Stores Inc. will start offering online deals reserved for Cyber Monday two days in advance this year, joining a growing list of U.S. retailers who offer web promotions over the Thanksgiving weekend.

Wal-Mart's special web promotions will be available on Black Friday, the retailer said in a statement late on Sunday. Cyber Monday is the biggest day of the year for internet shopping and follows Black Friday, which is the busiest shopping day for brick-and-mortar retailers.

Wal-Mart recently said it will boost its online inventory for Black Friday by more than half this year, as it pulls out all stops to grow online sales this holiday season. The retailer has grown its online inventory to 23 million items from 8 million at the start of the year.

Wal-Mart's step to boost online sales comes at a time when Black Friday is losing its importance as early discounts and online shopping keep shoppers away from stores.

The year-end shopping season, which spans November and December, is crucial for many retailers because the two months can account for anywhere from 20 to 40 percent of their annual sales. The National Retail Federation expects industry holiday sales to grow 3.6 percent this year to $655.8 billion.

Wal-Mart said orders that were placed on the Wal-Mart mobile app and picked up in store increased more than 75 percent during the first two weeks of November from the same period a year earlier.

(Reporting by Nandita Bose in Chicago; Editing by Sandra Maler)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

'Everyone Is in Complete Shock': A 500-Person Tesla Team Found Out 'in the Middle of the Night' Their Charger Division Was Laid Off

Other car companies that use the technology, such as General Motors and Ford, also weren't expecting the news, according to reports.

Side Hustle

He Started a Salty Backyard Side Hustle That Out-Earned His Full-Time Job and Now Makes Over $1 Million a Year: 'Take the Leap'

In 2011, Kyle Needham turned his passion for oysters into a business that saw consistent monthly revenue "right away."

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

Don't Start a Business Until You Consider These 5 Things

Thinking about starting a business? Here's what you need to know before you get registered, invest in your startup costs or make your first sale.

Business News

There Are Only 6 Major Cities Left in the U.S. With 'Affordable' Homes Matching Median Incomes — Here's the List

Homeownership is not affordable for the typical household in 44 of the 50 largest cities in the U.S.