Read more on this subject: Business/ Commerce
News Story Source: https://www.zerohedge.com by Tyler Durdan
In this case, online retailers are so desperate for your business, they are in an constantly escalating price war as to how quickly, and for how cheap, they can get you the products that you order.
In the war's latest chapter, Walmart teased that it is soon going to be taking on Amazon with one day free shipping – without a membership fee. On Twitter, Walmart appeared took a shot its rival on Friday stating…
Amazon, on the other hand, said last week that it's going to spend $800 million in the current quarter to reduce delivery times for Prime customers to one day from two, sending competing retailer stocks tumbling, and sunk Walmart shares by 2% on Friday, the retailing giant's biggest drop in about two months. Amazon was up 2.5% to its highest in almost 7 months as analysts raised their price targets after the announcement. Analysts believe that Walmart can easily match Amazon's one day shipping aspirations.
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