Wal-Mart announces sharp toy price cuts

By Tahir R, BUSINESS 2.0 PRESS
Published: November 2 2009, 2:02 am EST

wal mart Wal Mart announces sharp toy price cutsThe world’s largest retailer, Wal-Mart, has announced it would further lower its prices on toys for this Christmas, effective immediately.

The company has vowed it would be the price leader this holiday season when it comes to selling toys.

Wal-Mart will be slashing prices on select toys such as Buzz Lightyear action figures by up to 30-percent, followed with more price cuts to up to 100 additional toys.

The company said it would offer a group of new and popular toys each week for only $10 each. Today marks the second week of specials. Wal-Mart will offer the deeply discounted products all the way up to Christmas Day, until supplies last, in both Canada and the United States in every store.

The deep discounts could prove damaging to toy sales in the future (especially for stores who can’t offer such low prices) as consumers could continue to expect the lowered prices.

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Questions about this post? Please contact Tahir R at tahir@business2press.com

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  • Ummm walmart can do whatever they want.
  • kbiel
    >>The deep discounts could prove damaging to toy sales in the future (especially for stores who can’t offer such low prices) as consumers could continue to expect the lowered prices.

    It's called free market capitalism. Look it up. Consumer expectations of lower prices over time is a feature, not a bug.
  • Joey
    well that feature seems to be turning into a bug....
  • kbiel
    Because somehow competition causing lower prices, letting me get the same products for less is somehow detrimental to my budget? Oh wait, it's Wal-mart, a company so evil that no employee is paid minimum wage after their probationary period; so pernicious that they introduced the first $4 generic drug pricing; so horrible that they are the second largest single employer in the U.S. after the Federal Government (third if you break out the U.S. Postal Service).

    If you no not want cheap products made mostly in China, then do not shop there. But do not knock them for following Adam Smith's advice.
  • MarkV
    well did u know when there were talks of adding trade quotas/restrictions with China during the Clinton administration, Wal-Mart was the only AMERICAN company that pushed not to add the restrictions...why American businesses were going under.....that's the Wal-Mart your defending??

    and don't think every product they sell is the lowest priced, only the products u find in the main isles r the ones that are deeply reduced, other products can be found way cheaper elsewhere.
  • kbiel
    Ooo, that gives me chills. A company who makes a chunk of profit from Chinese imports was against starting a trade ware with China. Of course our government was doing what was best for us I am sure. Surely they were not being lobbied by competitors of Chinese manufacturers who could not find a way to be competitive without government intervention.

    Milton Friedman weeps for you.
  • The Davez
    it's also stupid how that Wal-Mart commercial shows a bunch of products, then says all of these products together can be purchased for lower than any other store.....BUT the average person won't realize that just ONE of those products is likely deeply discounted.
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