With Thanksgiving nearing, many retail giants have already released their upcoming Black Friday deals, which will attract millions of Americans to whip out their wallets and give in to its bargain deals. And the competition is sure to heat up as Walmart announced last week that its Black Friday sale will begin at 8 p.m., which is the earliest the retailer has ever opened for the shopping event. 

Walmart will be offering great bargains, such as an LG Blu-ray player for $38, an Emerson 32-inch TV for $148 and an Apple iPad 2 along with a $75 Walmart gift card for $399. Other notable deals include the Nintendo Wii for just $89 and a six-quart Crock Pot for below $10.

The heavily discounted items are usually limited in quantity, but according to Walmart, these products should last for all shoppers until at least 10.p.m. to 11 p.m.

Following Walmart's announcement to start its sale at 8 p.m., Target also anounced that it will open its doors to shoppers at 9 p.m. on Thanksgiving Day. Last year, the retailer only opened its doors at 12 a.m. midnight. 

While Black Friday's earlier start at the store could potentially irk some of the more traditional shoppers, it will allow consumers to take advantage of deals and also make it to bed at a decent hour. 

"We heard from our guests that they look forward to kicking off their holiday shopping with deal-hunting on Thanksgiving night," said Kathee Tesija, executive vice president, merchandising, for Target. "Opening at 9 p.m. gives Target's Black Friday guests a more convenient way to create an after-dinner shopping event that the entire family can enjoy."