Amazon is Making Enemies

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Amazon (NASDAQ:AMZN) seems to attract nothing but trouble with its print and digital book publishing and pricing policies. The company infamously took flak from Apple (NASDAQ:AAPL) and Steve Jobs about taking losses on best sellers in order to gain market share. Now, Barnes & Noble (NYSE:BKS) and the e-commerce giant are in a kerfuffle over brick-and-mortar sales of Amazon Publishing titles.

Back in February, Barnes & Noble chief merchandising officer Jaime Carey said, “Barnes & Noble has made a decision not to stock Amazon published titles in our store showrooms.” He cited Amazon’s demand for exclusivity with publishers, agents, and authors. Barnes & Noble, like Apple, suggests that the way Amazon does business undermines the industry as a whole. Apple and a number of major publishers have been involved in litigation regarding e-book prices and possible price fixing, on which Amazon seems to have come out on top.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

“It’s clear to us that Amazon has proven they would not be a good publishing partner to Barnes & Noble as they continue to pull content off the market for their own self interest,” Carey said.

This is just one front of a war the retailers are fighting, another being the increasingly competitive tablet market. Barnes & Noble’s Nook HD is expected to hit shelves in November, while Amazon just announced the next generation of its Kindle Fire line and a Paperwhite e-reader.

Google’s (NASDAQ:GOOG) popular Nexus 7 tablet is also a contender in the field, and the company has been pushing for its own content streams that could put pressure on both Amazon and Barnes & Noble. Google Play offers over 4 million titles already, claiming the “world’s largest selection of e-books.”

Don’t Miss: Apple’s Apology Boosts These Competitors.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business