Wal-Mart and Amazon.com have been fighting over online pricing for their products. This fight started a couple months ago, with Wal-Mart and Amazon competitively fighting over who had the lowest prices on anticipated books and DVDs. The National Retail Federation predicted that sales would decline by one percent to $437.6 Billion during the Black Friday holiday sales. They also stated that sales would not drop as much as they did last season.
Wal-Mart continues to dominate the affordable pricing industry making $405 billion dollars in sales last year. Amazon.com doesn’t provide the retailing aspect for consumers like Wal-Mart, but it does provide an online option, Amazon.com has made 20 billion from its online sales asccording to the new york times. It seems like more customers are leaning towards online shopping more than anything else because purchasing items online makes life a lot easier. Could this be a possible trend in the media?
Consumers tend to follow things that are more convenient to them, and Amazon.com does this by providing all of its products online. The online market is a good thing to get into because more people would rather click on the item that they want, rather than actually going out to the store to purchase, it’s less time consuming. Online businesses produce a revenue of 4 billion dollars monthly according to wordpress.com
Online purchasing is the way of the future because people are becoming more technologically inept and these are trends that Wal-Mart should follow. If Wal-Mart isn’t careful they could also suffer the same as Block Buster, where the company lost most of their customers due online movie rentals with Netflix. So ultimately I feel that Wal-Mart should try to improve their online purchasing methods by following Amazon.com and try to figure out what they’re doing to attract their customers.
If you want to take a look at the sources that I based my post off of just click on the links below:
http://abcnews.go.com/Business/HolidayShopping/wireStory?id=8842129
http://www.msnbc.msn.com/id/33347048/ns/business-consumer_news/
Wal-Mart continues to dominate the affordable pricing industry making $405 billion dollars in sales last year. Amazon.com doesn’t provide the retailing aspect for consumers like Wal-Mart, but it does provide an online option, Amazon.com has made 20 billion from its online sales asccording to the new york times. It seems like more customers are leaning towards online shopping more than anything else because purchasing items online makes life a lot easier. Could this be a possible trend in the media?
Consumers tend to follow things that are more convenient to them, and Amazon.com does this by providing all of its products online. The online market is a good thing to get into because more people would rather click on the item that they want, rather than actually going out to the store to purchase, it’s less time consuming. Online businesses produce a revenue of 4 billion dollars monthly according to wordpress.com
Online purchasing is the way of the future because people are becoming more technologically inept and these are trends that Wal-Mart should follow. If Wal-Mart isn’t careful they could also suffer the same as Block Buster, where the company lost most of their customers due online movie rentals with Netflix. So ultimately I feel that Wal-Mart should try to improve their online purchasing methods by following Amazon.com and try to figure out what they’re doing to attract their customers.
If you want to take a look at the sources that I based my post off of just click on the links below:
http://abcnews.go.com/Business/HolidayShopping/wireStory?id=8842129
http://www.msnbc.msn.com/id/33347048/ns/business-consumer_news/
Nice article. I do agree that Walmart has to improve there online methods or they will definitely go down the blockbuster video route which is not good.
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