Retailers, consumers and prices
Wal-Mart management and about 1,200 workers from around the globe gathered in Fayetteville, Arkansas, for a spirited, pre-shareholder meeting pep rally.
Their message? “We are merchants!”
The employees, who are tasked with helping to grow company sales, reiterated that point multiple times.
But they also asserted their love for soccer and excitement over the sport’s upcoming World Cup tournament scissor-kicked its way into several country presentations.
Managers from countries ranging from Brazil and Mexico to India and China, laid out plans to boost sales for Walmart’s international division, which grew 11 percent last year to top $100 billion for the first time.
Walmart Canada said it is dropping the price of some popular toys to $10 (Canadian dollars that is) — a price cut of up to 67 percent in some cases – and new toys will be reduced to $10 every week between now and Christmas.
For instance, it said Transformers Universe, which is regularly priced at $29.92, is being cut to $10, as is Mega Bloks’ Builder Racer that usually sells for $24.96.