Target (TGT) Is the Undisputed 2011 King of Toys; Leaves Wal-Mart (WMT) In the Dust
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Price: $69.72 +1.53%
Rating Summary:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Target (NYSE: TGT) is kicking Wal-Mart's (NYSE: WMT) you know what when it comes to toy prices this holiday season.
According to data from Goldman Sachs, Target retained its pricing lead in week 9 of the firm's ongoing tally, coming in an astonishing 18.7% below Wal-Mart.
Amazon.com (Nasdaq: AMZN) was the least competitive, priced 6.1% above Wal-Mart.
Goldman said that on a sequential basis, prices declined an avearge of 3%, led by a 9.5% reduction at Target and 4% reduction at Kmart (Nasdaq: SHLD).
Offering toy prices so low, Target is clearly making a bet that shoppers will also do other holiday shopping at their stores.
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According to data from Goldman Sachs, Target retained its pricing lead in week 9 of the firm's ongoing tally, coming in an astonishing 18.7% below Wal-Mart.
Amazon.com (Nasdaq: AMZN) was the least competitive, priced 6.1% above Wal-Mart.
Goldman said that on a sequential basis, prices declined an avearge of 3%, led by a 9.5% reduction at Target and 4% reduction at Kmart (Nasdaq: SHLD).
Offering toy prices so low, Target is clearly making a bet that shoppers will also do other holiday shopping at their stores.
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