The holiday shopping season is in full swing, although many customers are finding higher prices on products in the market. They are also witnessing an ongoing price war between various retail giants. According to the data analytics company Profitero, Amazon.com, Inc. is the first retail firm to increase its prices. Profitero tracks almost 20,000 popular items in the online retail sector. It finds that Amazon’s prices on those products increased by 7.5 percent last month compared with October 2020. Walmart Inc.’s prices grew by 3.1 percent during that period, and Target Corporation raised prices by 3.6 percent. However, even with the price increases on Amazon, Profitero found that Walmart’s prices on the 20,000 items are 4 percent higher than Amazon’s prices, and Target’s prices are 15 percent higher. According to Harvard Business School economist Albert Cavallo, Amazon plays a major role in influencing prices across the web. “Online competition is …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta