Major retailers Walmart to Kohl's are kicking off their first sales events for the holiday shopping season that's falling on the backdrop of a slowing economy.
Major retail behemoths Walmart and Kohl's simultaneously launched their holiday sales in a race to pull in shoppers amid a slowing economy. On Monday, the "Walmart Deals" holiday savings event kicked off, offering shoppers a range of discounts online through Thursday. The deals span several categories including electronics, home, fashion and toys. Similar to years past, this is just the first of a handful of sales events that the Arkansas-based retailer plans to debut this season.
Amazon is slated to kick off its second major shopping holiday event this year– dubbed "Prime Big Deal Days" – starting Tuesday. Prime Dig Deal Days is another 48-hour shopping holiday that will give Prime members exclusive discounts for thousands of items across the marketplace. It comes after Prime Day, its highly anticipated shopping event, in July. The holiday sales are kicking off at a time when Americans are still tightening their wallets due to inflation and high interest rates.
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