eBay Takes Price Wars To Amazon: Who Wins?
by Nicholas Kitonyi
When Amazon (AMZN) slashed its product prices, it virtually defined the end of an era for some of the retail stores in the U.S. The likes of Target (TGT) and Wal-Mart (WMT) had to replicate the steps taken by Amazon in order to keep a huge chunk of their customers. Those that failed to follow the same philosophy have had a beating of the sorts in the retail arena, a good example being J.C. Penney (JCP) as discussed earlier in another post. But what happens when a close rival goes a step further? This is the rout that eBay (EBAY) has taken against its ecommerce rival. read more »
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