Wal-Mart Stores,
Inc.(NYSE:WMT) reportedly has dropped out of selling Kindle products of Amazon.com,
Inc.(NASDAQ:AMZN) anymore. This has made Wal Mart the second major chain to
quit selling Amazon devices.
Wal Mart stated in a
memo sent to store managers that it has recently made business-related decision
to quit carrying Amazon eReaders and tablets beyond inventory and purchase
commitments.
Wal Mart has made it
clear that its decision was at par with its overall merchandising strategy. Wal
Mart may dwarf other retailers in overall sales, it still lags behind Amazon
and other businesses that are involved in online sales. Customers, who purchase
tablets like Kindle Fire HD can buy devices more than just digital books,
pushing Amazon into pronounced competition with stores.
A spokeswoman of Wal
Mart has confirmed the decision and said the firm will continue selling a wide
assortment of eReaders, tablets and accessories. Amazon, however, has refused
to comment on this.
Wal Mart keeps on
selling products like iPad tablets of Apple and Nook of Barnes & Noble’s
Inc. when ‘Kindle’ is being searched on websites of Wal Mart, items that are
showing up included things like screen protectors and cases as well as tablets
and eReaders from other companies.
Wal Mart’s decision to
drop sales of Kindles comes at a month’s time after Target Corp ceased selling
the products.
The largest retailer in
the world, Wal Mart rivals fiercely with Amazon that is expanding the number of
goods and services delivering straight to customers.
Retailers have been
very vocal about online marketplace and its contribution to the trend of ’showrooming’
products. Apparently, customers are visiting brick and mortar stores to try a
certain product only to leave and place an order on an online shop, ruling out
the need of paying sales tax.
Amazon is presently
supporting federal legislation that targets to create national standard for
Internet sales tax. This bill is being supported by Target, Barnes & Noble,
Wal Mart and many other major retailers.
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