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Walmart Battles Amazon with Discount Blitz as Shares Decline
Walmart Battles Amazon with Discount Blitz as Shares Decline
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BTCCSquare news:
Walmart's stock (WMT) dipped despite launching aggressive promotions to counter Amazon's Prime Big Deal Days. The retail giant's October Deals event, running through October 12, offers steep discounts on brands like Dyson and Lego—no membership required. Analysts anticipate record-low pricing on big-ticket items, including 50% markdowns on electronics and home goods.
The timing reflects a broader battle for cost-conscious consumers amid economic uncertainty. Walmart's 65-inch smart TV for under $300 exemplifies its push to undercut Amazon's holiday-season dominance. Neither company mentioned cryptocurrency payments, though the retail sector's focus on value could indirectly benefit crypto adoption as an alternative payment rail.
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