Wal-Mart is expected to announce today that it is expanding its $10 per toy holiday promotion from last year, from 10 items to more than 100, Andrea Chang reports. The assortment will include top
brands, classic toys and newly released items for $10, including Barbie dolls and Transformers action figures. Markdowns will be as high as 50%.
"This year it's bigger,
it's better," Laura Phillips, vp of toys for Wal-Mart's U.S. division, tells Chang. "It's about the wish list for the kids, and we know these price points help parents
Meanwhile, Wal-Mart chairman Robson Walton told a CEO business conference meeting in Kuala Lumpur, Malaysia, that the global economic recovery likely will be lethargic,
The Star reports
. But he says the company sees great opportunity in China and
Read the whole story at Los Angeles Times, The Star [Malaysia] »