Wal-Mart to beat Target, Kmart prices on most popular toys this holiday season by 9%, 13% respectively, survey finds
October 20, 2011
– Wal-Mart Stores Inc. is pricing the toys expected to be most popular this holiday season 9% and 13% lower than Target Corp. and Kmart respectively, Bloomberg reported Oct. 14.
Wal-Mart prices will also beat Amazon.com Inc.’s and Toys "R" Us Inc.’s prices on between 12 to 18 similar toys, according to a Bloomberg Industries report.
U.S. retail sales will see only 2.8% growth to US$465.5 billion during the holidays, compared with 5.2% a year ago.
The primary source of this article is Bloomberg, New York, New York, on Oct. 14, 2011.