It may be the most wonderful time of the year, but this holiday season it is an all-out war for business as retailers offer their most competitive prices on electronics in years.
“It’s like a civil war for electronics,” said Mark Ellwood, author of “How to Shop in a Discounted World.” “It’s bloody brutal and they’re going to be a lot of casualties.”
The reason behind the cut-throat competition: This year’s holiday shopping season is 26 days long, down from 32 in 2012.
Retailers are trying to lure customers into their stores first by offering ridiculously low prices on flat-screen TVs, hoping buyers leave with much more.
Best Buy CEO Hubert Joly told ABC News that his store was offering students a free year of Sprint service with the purchase of a smartphone.
“We’re price competitive and our strategy is to be price competitive,” he said. “What’s happening? It’s almost Black Friday every day.”
According to Nielsen, the average family has three TVs. Walmart has ordered 65 percent moreRead More »from Best Buy CEO Hubert Joly: Price-matching Means ‘Price Is Off the Table’