Is Amazon’s Grip on the Retail Industry Slipping?
Amazon.com (NASDAQ:AMZN) might be the king e-retailer for now, but new reports show that its reign over the retail sphere could be coming to an end sooner rather than later.
When consumers go to Amazon, they expect to find the best prices. The e-commerce company’s current problem, though, is that it no longer has as many price bragging rights because its main brick-and-mortar competitors are inching their prices down in an effort to win the retail war.
The Wall Street Journal highlights Bed Bath & Beyond (NASDAQ:BBBY) as an example of a retailer whose products are now cheaper than those offered by Amazon. Bed Bath & Beyond’s items are not only cheaper than the e-retail giant’s, but the store also regularly sends its customers popular 20 percent off coupons, which only drive prices down further.