Walmart giving Groupon a run for its money

Walmart Ext.
Walmart Ext.

No one ever said success had to be born from an original idea. Sometimes, imitation works just fine. Whether that turns out to be true for Walmart, which has launched a deal of the day program similar to Groupon, only time will tell. Called CrowdSaver, the first deal launched this week on the retailer's Facebook page. If enough people "like" the deal, then it's on.

Currently, CrowdSaver is offering a 42" plasma TV for $398, an 18% savings, according to Walmart. Shoppers who buy into the deal are directed to print a certificate, redeemable at Walmart stores at a later date. There are restrictions, including only one unit per person, the item is only available online at Walmart.com and only while supplies last.