Vol. 235 No. 7      One Dollar   Saturday, May 19, 2012                  Breaking News and Commentary
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Toy retailers begin price wars  
Mon, Nov 15, 2004
Source UPI

WASHINGTON -- The nation's largest toy retailers have begun the holiday price wars, although the traditional shopping season does not kick off until Nov. 26.

KB Toys Inc. and Toys R Us Inc., two of the largest retailers, have their survival on the line this season, the Washington Post reported Sunday. The 2003 holiday season saw retail giant Wal-Mart Stores Inc. undercutting KB Toys and Toys R Us by up to 20 percent.

KB Toys has since filed for bankruptcy protection, closed 427 stores and announced plans to close 160 others. Toys R Us has undertaken a corporate reorganization and said it may sell its toy business after the holidays.

However, in a recent offensive, Toys R Us has been beating Wal-Mart in some price comparisons.

In a survey released this week, brokerage house Oppenheimer and Co. found Toys R Us undercut Wal-Mart by 5 percent for a shopping cart filled with 62 toys. Harris Nesbitt Corp., in its own survey published this week, found Toys R Us undercut Wal-Mart by 0.2 percent for a shopping cart filled with 75 toys.

Copyright 2004 by United Press International

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