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Wal-Mart has announced that it will hold special in-store sales this Saturday, as it looks to gain an edge over rivals in the holiday sales season. The retailer held similar sales leading up to the holidays last year.

Wal-Mart says the sale will begin at 8 a.m. on 8 November, and will see offers such as a Sony PS3 video game console with a $100 gift card going for $399, a basic Compaq laptop for $298, and a Sanyo 46-inch LCD high-definition television for $898.

The move comes as retailers prepared for one of the worst holiday seasons in decades. Wal-Mart has said that it expects its shoppers to begin their gift-buying earlier this year, as they look to stretch their budgets. The retailer has been forced to start cutting prices on popular toys to attract cash-strapped shoppers looking for bargains.