Will this force Best Buy and Amazon, among others, to lower their TV prices? If you’ve been saving up for a new TV, this might be a fun season to comparison shop.
“This is the proven and effective method they deploy using major categories to drive loyalty and to take marginal sales away from the competition,” Richard Hastings, a Charlotte, North Carolina-based consumer strategist for Global Hunter Securities LLC, said in an e-mail. The strategy may force others to lower prices, he said.
“Walmart Cuts Turkey, Television Prices to Grab Holiday Sales” [Bloomberg]