Wal-Mart Slashes Online Prices To Match Amazon...Does It Matter?
Posted: 11-27-2017 11:45 AM
It would be a nice Christmas Treat, for a "price war"!
Quote:
"Right now the better use of cash is to compete with Amazon and invest that in the business, because if anyone has a fighting chance to stand up to Amazon, it is Wal-Mart."
Wal-Mart Slashes Online Prices To Match Amazon...Does It Matter?
Wal-Mart's in-store prices have long been the lowest in the retail industry after decades of building a massive store footprint and subsequently beating vendors into submission. That said, with brick-and-mortar sales continually being eroded by online sales, pricing dominance against Amazon is becoming far more important than in-store dominance against the likes of Target.
To that end, as Reuters points out today, Wal-Mart is seemingly embracing a new pricing war with Amazon this holiday season and now sports online prices that are nearly on par with the online retailing giant.
The Article
http://www.zerohedge.com/news/2017-11-2 ... -it-matter
Quote:
"Right now the better use of cash is to compete with Amazon and invest that in the business, because if anyone has a fighting chance to stand up to Amazon, it is Wal-Mart."
Wal-Mart Slashes Online Prices To Match Amazon...Does It Matter?
Wal-Mart's in-store prices have long been the lowest in the retail industry after decades of building a massive store footprint and subsequently beating vendors into submission. That said, with brick-and-mortar sales continually being eroded by online sales, pricing dominance against Amazon is becoming far more important than in-store dominance against the likes of Target.
To that end, as Reuters points out today, Wal-Mart is seemingly embracing a new pricing war with Amazon this holiday season and now sports online prices that are nearly on par with the online retailing giant.
The Article
http://www.zerohedge.com/news/2017-11-2 ... -it-matter