Wal-Mart's 100 Toys for $10 - Cleveland 19 News Cleveland, OH

Bargain: 100 Toys for $10

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NEW YORK (CNNMoney.com) -- Wal-Mart is looking to jump-start holiday sales by expanding last year's $10 toy incentive tenfold, the company said Wednesday.

The world's largest retailer said it will offer 100 toys, from Barbies to Transformers, for $10 through the Christmas holiday. Last year, the program included only 10 toys.

The company decided to expand the $10 program and roll back prices "at a time when our customers were ready to make purchases," said Laura Phillips, Wal-Mart's vice president of toys, in a statement.

Wal-Mart said research has shown that 70% of its customers plan to start shopping for holiday items before Halloween.

More than half of Wal-Mart shoppers have already started budgeting for their holiday shopping, and nearly 40% say they are watching for deals, according to the company.

Hoping to attract shoppers. The incentive plan comes as retailers prepare for what is expected to be a lackluster holiday shopping season. Holiday sales can account for half of annual profit at many U.S. retailers.

The Bentonville, Ark.-based company said last month that sales at stores open at least one year, a key measure of retail activity, fell 1.2% in the second-quarter versus the year before.

Wal-Mart and other discount retailers had, for the most part, weathered the recession better than their higher end competitors as consumers focused on bargains.

But Wal-Mart's latest sales figures were considered worrisome by some analysts, who had expected same-store sales to rise 1% in the second quarter.

And with unemployment continuing to rise and household budgets still under pressure, many retailers are looking for ways to appeal to price-conscious shoppers, especially with the crucial holiday shopping season quickly approaching.

What's on the $10 list. Under the expanded $10 program, Wal-Mart will offer a "newly released toys, top brands and classic toys that shoppers seek out each holiday season."

Some of the toys are being introduced at $10, while others are being reduced by up to 50%, the company said.

The following is a partial list of the brands being offered:

  • New Transformers Revenge of the Fallen Deluxe Action Figures
  • Barbie Cut and Style Rapunzel
  • Games such as Connect 4, Battleship, Monopoly, Trouble and Jenga
  • Vtech Explore and Learn Helicopter
  • Tonka Light and Sound vehicle assortment (firetruck, dumptruck, etc.)
  • New Littlest Pet Shop Online Animals (virtual pet) or Littlest Pet Shop Playpack sets
  • Clean-Up Pup Barbie Play Set and Mermaid Splash & Style Barbie
  • New Play-Doh Burger Builder Set
  • New Garanimals line Bath Boat (with squirter) and ABC 50 wood blocks kit
  • Hot Wheels Trick Track
  • LEGO Bionicle Legends set
  • New Nerf-N-Force Sword
  • My Little Pony So Soft Newborn
  • Little Dreams Interactive Baby Doll

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