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Walmart.com CEO Denies "Predatory" Book Pricing
He explained in the article: "Generally the issue is whether or not you are intending to use pricing to drive someone out of business ... That's not our intent. We've been the price leader in books for months before that program was announced." Walmart (WMT) recently slashed book prices online, dropping the cover price of the top 10 pre-selling titles to $10 apiece. This move touched off a book discounting war in between Amazon.com (AMZN), Walmart, and finally, Target (TGT). Financial reporter James Surowiecki called these predatory pricing claims "dubious" in a New Yorker blog post. Email This Post |
The First Word On the Book Publishing Industry
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