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2021-11-29
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Amazon Dominates Holiday Price War, Causes Retail Ripple Effect
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They're also witnessing an ongoing price warbetween various retail giants.</p>\n<p>According to the data analytics company Profitero,<b>Amazon.com, Inc</b> is the first retail firm to increase its prices.</p>\n<p>Profitero tracks almost 20,000 popular items in the online retailsector. It finds that Amazon’s prices on those products increased by 7.5 percent last month compared with October 2020.</p>\n<p><b>Walmart Inc</b>’s prices grew by 3.1 percent during that period, and <b>Target Corporation</b> raised prices by 3.6 percent.</p>\n<p>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.</p>\n<p>According to Harvard Business School economist Albert Cavallo, Amazon plays a major role in influencing prices across the web.</p>\n<p>“Online competition is a force for price uniformity, and therefore also inflation equalization. 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They're also witnessing an ongoing price warbetween various retail giants.\n...</p>\n\n<a href=\"https://www.benzinga.com/news/21/11/24321958/amazon-dominates-holiday-price-war-causes-retail-ripple-effect\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.benzinga.com/news/21/11/24321958/amazon-dominates-holiday-price-war-causes-retail-ripple-effect","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147238879","content_text":"The holiday shopping season is in full swing, although many customers are finding higher prices on products in the market. They're also witnessing an ongoing price warbetween various retail giants.\nAccording to the data analytics company Profitero,Amazon.com, Inc is the first retail firm to increase its prices.\nProfitero tracks almost 20,000 popular items in the online retailsector. 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