Walmart raises toy prices

December 16, 2010 2:57:43 PM PST
Walmart has raised prices on hundreds of toys, hoping to capitalize on the busiest shopping period of the year.

Bloomberg reports Walmart managers in the U.S. were told to mark up an average of 1,800 toys per store during the month of December.

In past years, Walmart has tried to undercut the competition on toy prices during the holiday shopping season.