Wal-Mart to hold special holiday sale on coming Saturday

BENTONVILLE, Ark. Wal-Mart will hold special in-store sales this Saturday (Nov. 8) in order to win over U.S. shoppers in what could be the toughest holiday sales season in nearly two decades.

The company said that it expects its shoppers to begin their gift-buying earlier this year to stretch limited budgets. The sale will begin at 8 a.m. on Nov. 8, according to Walmart.com. In-store deals include a Sony PS3 video game console with a $100 gift card for $399, a basic Compaq laptop for $298 and a Sanyo 46-inch LCD high-definition television for $898.

Early last month, Wal-Mart also announced price cuts on popular toys for the holiday season, along with many other retailers including Toys"R"Us, Target and Meijer, in an effort to lure cash-strapped consumers to stores.