4 Consumer Stock Stories for a Savvy Weekend Investment Read
Staples Inc. (NASDAQ:SPLS): Closing price $14.92
Staples said on Thursday that it will match the prices of its number-one Internet rival Amazon.com Inc. in order to push holiday sales. The deal applies to both online Staples sales and purchases done in stores. The firm the second biggest e-commerce site on the planet behind Amazon.com, which lists in excess of 130,000 office products, and can often deliver lower prices on goods than can other retailers. The Staples offer could combat a practice that retailers call “showrooming,” in which consumers pay a visit to a brick-and-mortar store to touch and examine a product, but then search online to purchase it at a lower price.