Scope (?):  All Topics
HouTex
admin
Hot or Not?
8

Wal-Mart Directive to Managers: Raise Toy Prices "As Soon As Possible"

submitted on December 16, 2010 by HouTex in "Stores / Merchants"
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.

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.


How will this affect your shopping?
1. Have you finished your shopping yet?
 Yes, all done!
 No, I have more to buy.
2. Where will you shop for toys?
 I'll go to Wal-Mart in spite of the price increase.
 I'll shop somewhere else to get the best price.
 or See Results 

     

Favorite
  Comments
  • 92238
    midget
    professor
    5 3 2
    10 6 2
    Posted by midget on December 16, 2010
    [reply] 2 0
    This is shady but it's a business move. Retailers know toys are big on christmas.

    But this news break would steer me away from Walmart if I wanted to buy toys this holiday. Retailers who raise prices just to fit a season doesn't sit well with me.

    Target here I come lol
  • 92250
    orangearrows
    professor
    2 3
    7 1 1
    Posted by orangearrows on December 16, 2010
    [reply] 4 0
    AMAZON.com and prime shipping Smile FTW!!!!!!!!

    Hope Amazon did not send any MEMOS out like that Neutral
      92270
    • webbyone2010
      professor
      1
      Posted by webbyone2010 on December 16, 2010
      [reply] 1 0
      Amazon adjusts prices hourly in response to demand. It didn't need the memo. Evil
  • 92269
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on December 16, 2010
    [reply] 1 0
    Agree, Amazon is the best plact to shop! Big Grin
  • 92277
    Avatar_g
    teacher
    Posted by sareece on December 16, 2010
    [reply] 1 0
    Am I the only one that finds its hilarious that 100% shop around for the best price! That is why we are here! Amused

Leave a Comment (members Sign in to comment)

Name

E-Mail (will not be published)

2 x 3 = ?

Emoticons

'Mr Green''Neutral''Twisted''Arrow''Eek''Smile''Confused''Cool''Evil''Big Grin''Idea''Red Face'

(more)


 

Browse by tags