Toys on the cheap

The new American mantra: Keeping down with the Joneses. Frugality will be in style this holiday season, and retailers and manufacturers have planned accordingly. El Segundo-based Mattel says 80 percent of its toys this season will cost less than $30, compared with 75 percent last year. At Wal-Mart, 100 toys will be priced at $10 this season, compared with just 10 at that price point a year ago. (Bloomberg, WSJ)


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: 405 hotel sold

Next story: Measuring L.A. GDP

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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