Wal-Mart and Amazon in Book Price War

Mega retailer Wal-Mart and online shopping giant Amazon.com are locked in a price war, sending the prices  of some new, highly-anticipated hardcover titles down to $9 from both retailers and causing book retailers across the country to have to reevaluate their prices. Wal-Mart initiated the war, cutting prices yesterday to $10, a move that was followed by Amazon and has resulted in what amounts to a retail brawl.
Analysts watching the situation have suggested that Wal-Mart’s latest round of price cuts are positioning the company to become as massive of a force in the world of online retail as they are in the brick-and-mortar …read more