Wal-Mart to extend holiday discounting after Christmas

Bentonville, Ark. Wal-Mart Stores said on Wednesday it will continue its holiday discounts and deals into the week after Christmas, even as it introduces new ones.

Beginning Dec. 26, Wal-Mart will offer clearance discounts of up to 50% on many home holiday items and toys, besides introducing a $50 gift card with an Xbox 360 purchase and offering an eMachine netbook for $228.

Wal-Mart has already rolled out aggressive price cuts ahead of the 2009 holiday season. It is offering more than 100 toys for $10 each, and it has cut prices on highly anticipated hardcover books by 60% or more, igniting a price-cutting war.

The chain said it will also extend other previously announced deals such as its selection of top Blu-Ray movies for under $20.