Prime Day shopping events to entice cautious consumers and play defense against stiffer competition from the likes of Walmart Inc., Target Corp. and TikTok, who have launched their own discount days in response.

Exciting deals are on the horizon as Amazon and Walmart compete for your business this week! Reporter John Matarese highlights the best offers from both retailers, including Amazon's extended four-day Prime Day and Walmart's six-day sale event.

What started as a simple one-day summer sale at Amazon has morphed into a week of deals at major retailers. Here is what to look for to find the best savings.