This is bad news for last-minute shoppers who expected to get the best prices on toys at Wal-Mart.
Or maybe this news will drive them to other retailers to get a better price.
According to a news story at Bloomberg http://www.bloomberg.com/news/.....idays.html
the price increases were due to temporary discounts on products, including toys, that ended Nov. 30, 2010.
Wal-Mart managers in the U.S. received instructions to mark up an average of 1,800 types of toys per store, according to a company e-mail dated Nov. 30 obtained by Bloomberg News. The e- mail didn’t disclose specific increases. The prices were changed “to better enable your store and the company to have a successful financial month,” according to the e-mail.
How will this affect your shopping?
The directive from Wal-Mart, which has about 3,800 U.S. stores, told managers to do the markups as soon as possible. The move may help Chief Executive Officer Mike Duke fulfill his October prediction that sales in U.S. stores open at least a year will be positive this quarter, after six straight drops.