United States 12/20/2010 2:42:17 AM
News / Business

Walmart Raises Toy Prices At Christmas To Maximize Profits

Called the “Great Satan” of retailers by some, Walmart, may in fact be the “Grinch who stole Christmas”!

In an internal email sent less than a month before Christmas, the retail giant ordered its 3,800 stores to boost prices on hundreds of toys to maximize its profits. Hardly a way for the retail giant to win hearts and minds of shoppers.

"The Christmas season has clearly brought out the Scrooge in Walmart. Jacking up prices on toys during the holidays is enough to make Santa cringe," said New York based Public Advocate Bill de Blasio.