TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Amazon beats Wal-Mart on toy prices as holiday season begins

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Bloomberg News
Thursday, Nov. 15, 2012, 12:26 a.m.
 

Amazon.com Inc. has cheaper online prices for toys than Wal-Mart Stores Inc., Target Corp. and other major chains as parents begin shopping for the holidays, according to a Bloomberg Industries analysis.

In a comparison of 125 randomly selected toys conducted on Nov. 8, Amazon had lower prices than Wal-Mart on 44 percent of the items, while Wal-Mart had the advantage on 13 percent. The remaining items had the same price tag. Wal-Mart beat Target Corp., Sears Holdings Corp.'s Kmart chain and Toys “R” Us Inc. on more than 80 percent of the toys, according to a report led by Poonam Goyal, a Bloomberg Industries analyst.

“Toys are important because they are the top category for the holiday — along with electronics — and are the most competitive,” Goyal said in a telephone interview.

Amazon's lead was a surprise because Wal-Mart led in last year's pricing study for much of the holiday season, Goyal said.

Amazon had the advantage on items such as the limited-edition version of “Resident Evil: Operation Raccoon City,” a video game for the PlayStation 3 that it priced at $20.98, compared with $39.96 at Wal-Mart.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Pennsylvania shale gas producers received hundreds of environmental citations in 4 years, PennEnvironment says
  2. SEC alleges BNY Mellon bribed foreign investors by handing internships to their relatives
  3. Obamacare enrollment up in Pennsylvania
  4. U.S. Steel has 1st profitable year since 2008
  5. Emergency room visits decline as navigators steer patients to proper medical care
  6. India nuke deals still thorny for U.S. despite ‘breakthrough’
  7. MSA Safety products in demand to protect workers in dangerous jobs
  8. U.S. company outlooks worry investors, sending stocks lower
  9. Yahoo to spin off Alibaba shares
  10. U.S. Steel warns it may lay off almost 2,000 workers in Alabama, Texas
  11. Chevron laying off 162 workers from Moon-based unit