Walmart, Sears, Kmart Start Black Friday Deals This Week

ABC News Blogs
Walmart, Sears, Kmart Start Black Friday Deals This Week
.

View photo

Walmart, Sears, Kmart Start Black Friday Deals This Week (ABC News)

Morning Money Memo…

Black Friday shopping deals are starting early this year. In some cases the discounts will be offered one week before the doors open for crowds of shoppers. Walmart plans to offer deals on some toys and electronics starting this Friday. Sears and Kmart also are also advertising special discounts one week early for its rewards customers. Walmart, Best Buy and Target are among the retailers that will have deep discounts on TV sets.

"A lot of retailers are going to be offering special door busters that try and encourage people to get in-store as opposed to only shopping only online," says Lindsay Sakraida of DealNews.com. "They really want to encourage you to be in-store and maybe start picking up things that you otherwise wouldn't have bought online." But Sakraida says many other items in the stores on Black Friday will not be deeply discounted. "You need to be very savvy and keep your head about you when shopping on Black Friday," Sakraida said.

A massive settlement involving America's biggest bank is the talk of Wall Street this morning. JPMorgan Chase has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis. The agreement is the latest chapter in the bursting of the housing bubble. Some $4 billion in consumer relief to as many as 100,000 borrowers will be part of the settlement but the details have yet to be worked out.

A modest retreat for Wall Street after record gains. Futures are down this morning after slight declines for stock market averages as they pull back from four days of gains. Electronics retailer Best Buy plunged after saying extended store hours and price-cutting could squeeze its fourth-quarter profit. Campbell Soup fell sharply after reporting that its profit slumped as sales of soups and V8 drinks fell.

Credit reporting agency TransUnion says more Americans fell behind on their credit card payments in the third quarter, when many consumers traditionally hit stores for back-to-school supplies. Even so, the national late-payment rate remained close to its lowest level in six years, at 1.36 percent, and it was down from the same period last year.

Lowe's third-quarter profit soared 26 percent compared with last year. The home-improvement retailer was bolstered by the housing market's ongoing recovery. Its earnings were a penny short of expectations, but revenue beat forecasts.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow

View Comments (82)

Recommended for You

  • FBI Investigating Potential Hack of Some Clinton Campaign Computers

    The FBI is investigating a potential hack on at least some of the Clinton campaign's computer systems. The investigation comes on the heels of two other FBI investigations into hacking of the Democratic National Committee and the Democratic National Convention Committee. "The FBI is aware of…

    Good Morning America13 mins ago
  • Zika Cases Spike in Puerto Rico as Virus Spreads 'Silently and Rapidly'

    The Zika virus is rapidly spreading though Puerto Rico, leading to more than 5,500 infections, the U.S. Centers for Disease Control and Prevention reported today. Puerto Rico has been dealing with the Zika outbreak for months, and Zika infections have spiked recently, rising from 14 percent…

    Good Morning America56 mins ago
  • Meryl Streep Admits she Once Thought her Career Would End at age 40

    In an interview with WSJ Magazine following the premier of her latest movie, 'Florence Foster Jenkins', Streep opened up about the age barriers for women in Hollywood that once seemed more impenetrable than now.

    Good Morning America56 mins ago
  • Heartbroken Family Hopes Baby’s Death From Whooping Cough Raises Awareness

    A California couple grieving the loss of their infant son from whooping cough is vowing to raise awareness of the disease.Ty'Ree Rodgers of San Diego told ABC News that his 3-week-old, Jaxon Rodgers, died July 15 from the effects of whooping cough. Rodgers and his girlfriend, Jonalyn Lema, both 24,…

    Good Morning America56 mins ago
  • Clinton Embarks on Bus Tour Courting Anti-Trump Republicans

    Democratic presidential candidate Hillary Clinton, fresh off her historic week in Philadelphia, kicked off the last 100 days of her campaign by embarking on a bus tour that will be part of a concerted effort by the Clinton campaign to court anti-Donald Trump Republican voters. The three-day tour…

    Good Morning America56 mins ago
  • Teen Battling Bone Cancer Marries High School Sweetheart in Hospital

    When Swift Myers and Abbi Myers, nee Ruicker, wed on Sunday, it was from the bed at an Oklahoma hospital where Swift Myers, 18, has spent the last month battling cancer. "I was in shock," Abbi said of the outpouring of love.

    Good Morning America56 mins ago
  • $536 Million Jackpot Finally Claimed by Indiana Couple who Forgot They Bought Tickets

    A couple from Hamilton County, Indiana, with two children has come forward and been confirmed as the winners of the $536 million jackpot, Indiana's Hoosier Lottery officials announced at a news conference today. The prize is the largest ever won by a single ticket holder in Mega Millions history. …

    Good Morning America56 mins ago
  • San Diego Police Investigating After Cop Killed, Another Injured in 'Gut-Wrenching' Shooting, Chief Says

    Police are searching for more potential suspects after a police officer was killed and another cop was injured in a "gut-wrenching" shooting last night in San Diego. San Diego Police Chief Shelley Zimmerman, who called the shooting "gut wrenching" today in a press conference, explained that police…

    Good Morning America56 mins ago
  • 4-Year-Old Whose Prosthetic Leg Was Stolen Gets New 'Ghostbusters'-Themed Limb, Free Trip to Disneyland

    A 4-year-old California boy whose prosthetic leg was was stolen at a beach this past weekend was surprised on Wednesday with a new "Ghostbusters"-themed limb. The custom-designed prosthetic was created and donated by Michael Metichecchia, owner of Essential Orthotics and Prosthetics in Palmdale,…

    Good Morning America56 mins ago
  • What to Know About First Local Zika Outbreak in Continental US

    For the first time in the continental U.S. the Zika virus has been spread locally through infected mosquitoes. Florida Gov. Rick Scott announced the first local Zika outbreak today, saying that four people have been infected. Here's what you need to know about the latest Zika outbreak.

    Good Morning America56 mins ago
  • Haitian Band Entertains Plane Passengers Delayed 6 Hours

    When a United Airlines flight in Chicago was delayed for nearly six hours earlier this month, a Haitian band on board took it upon themselves to be the in-flight entertainment. On July 23 members of Port-au-Prince-based band Lakou Mizik treated their fellow passengers to an impromptu performance. …

    Good Morning America56 mins ago
  • After Historic Democratic Convention, Celebrities Take to Social Media

    What's a historic night without celebrity Instagrams and tweets to follow?Hillary Clinton accepted the Democratic Party's presidential nomination Thursday night in Philadelphia, making history as the first woman nominee for a major party. As the star-studded Democratic National Convention came to a…

    Good Morning America56 mins ago
  • Son Replaces Family Photos With Steve Buscemi to Prank Parents

    It took five days and a really good eye for Kevin Manion’s prank to reach its full effect, but it got better with each passing day. “If you’re not expecting to see [Steve Buscemi's] face, it’ll catch you off guard,” Kevin joked. “Dad pulled me aside one day and was like, 'Alright Kevin, why is…

    Good Morning America56 mins ago
  • Missing London Cat Found 8 Years Later in Paris

    When Marna Gilligan's cat slipped out of her London home during a New Year's party eight years ago, she thought she'd never seen her again. That was until she got a call, saying that her cat, known as Moon Unit, had been found thanks to her microchip. Moon Unit, a domestic short-hair, had…

    Good Morning America56 mins ago
  • Jenna Dewan Tatum Talks the 'Balancing Act' of Motherhood

    Actress Jenna Dewan Tatum says she's still mastering the "balancing act" of motherhood and marriage. Dewan Tatum has a 3-year-old daughter, Everly, with husband Channing Tatum. Although she and her husband both appear pretty flawless most of the time, Dewan Tatum admits she has her good days and…

    Good Morning America56 mins ago
  • California Inmates Care for Deaf Dogs Evacuated From Shelter Due to Sand Fire

    A group of inmates at a California state prison are providing shelter, care and love for dozens of deaf dogs that were recently forced to evacuate a nearby shelter threatened by a wildfire. Nearly 50 dogs at the Deaf Dogs Rescue of America in Acton, California, were evacuated this past Sunday…

    Good Morning America56 mins ago
  • The Post-Convention Bounce: What to Watch for in the Race for the White House

    For decades, political conventions have marked one of the best moments to plead your case to the American electorate and generate momentum headed toward November. The convention bounce is a small -- or sometimes not-so-mall -- bump in a candidate’s support after the forceful messaging and…

    Good Morning America56 mins ago
  • Bear Cools Off With Dip in Backyard Pool

    A bear in California found relief from the heat in a local resident's swimming pool, as shown on a video released by a California police department."A resident shared this video with us of a bear cooling off in the family pool this morning. ...

    Good Morning America59 mins ago
  • Donald Trump Says Hillary Clinton ‘Doesn’t Know How to Win’

    Trump defended himself in an interview with ABC News’ George Stephanopoulos and blasted Clinton as dishonest and weak. “I think I have a great temperament, I have a temperament where I know how to win,” Trump said. He also accused Clinton of being dishonest about his abilities as a campaigner.

    Good Morning America
  • 13-Year-Old Dog Up for Adoption After Waiting Months Outside for Deceased Owner

    An Australian Cattle Dog was rescued this month in California after waiting in the yard for his deceased owner, officials said. Ricky Bobby, 13, was found outside a boarded-up home in Mojave, according to Zach Skow, founder and executive director at Marley's Mutts Dog Rescue in Tehachapi,…

    Good Morning America