Walmart Raising Prices and Selling Out of Toys, Report Says

Walmart banks its repuation on having the lowest prices during the holidays, those low prices are touted on toys and electronics as gift items more than any other category. But according to an internal email, the retailer did the opposite in December, as managment asked Walmart stores to raise prices on hot toys.

According to Bloomberg news, an email circulated within the company instructed store managers to raise toy prices to ensure a profitable month of sales. A Walmart spokesman then told Bloomberg this was merely a standard response as "rollback" prices returned to normal.