Amazon can now deliver many things in one or two days, so Walmart has to have lower prices for the many customers who can wait. Similarly, Amazon has to undercut Walmart’s grocery prices if it’s going to stake out any significant portion of that $800 billion market. For shoppers at either of these two retail giants, this can mean lower prices, but it’s also forcing manufacturers and suppliers to rethink how they do business. [More]
how low can you go?
It might sound unbelievable, after years of high gas prices, but it finally happened again: gas fell below $1 per gallon… in one part of the country, at a few stations, for one weekend. [More]
It’s a war out there in the world of retail, and having the lowest prices around is a weapon every brick-and-mortar store has been trying to keep in its arsenal. Not so easy when online retailers like Amazon are constantly lowering prices. All that might change for Walmart, as store managers have been told it’s time to officially start price-matching Amazon and others.
Walking into a hotel room that is not your very own home with the bed how you like it is often made even less welcoming when the place is a sauna or a veritable igloo. But often hotels set limits on how low and high the temperature can go, forcing guests to swelter/shiver it out. Unless you know how to tell the thermostat that you are a VIP. [More]
While commercial and personal borrowers are currently enjoying historically low interest-rates on loans, and big banks are able to obtain loans at less than one percent interest, student borrowers have had to fight against lawmakers looking to raise interest rates on federally subsidized student loans. With the rates on Stafford loans set to bounce back to 6.8% from 3.4% on July 1, Massachusetts Senator Elizabeth Warren has introduced legislation that would actually lower that rate for one year to only .75%. [More]
Walmart is absorbing some price increases on products like food, rather than passing them along to consumers. The chain plans to continue keeping its prices down across the board to goose sales, executives told investors earlier today.