On Prime Day, Wal-Mart Showed Why It Is The Only Retailer Left That Stands A Chance Against Amazon
On Amazon’s Prime Day, Wal-Mart and its digital arm, Jet.com, were seen matching many of the internet giant’s discounts on an assortment of items, according Market Track. The market tracking firm reviewed price comparisons between many of the major retailers — Target, Best Buy, Wal-Mart and its Jet.com — throughout the day, finding that Wal-Mart’s efforts to stay competitive clearly stood out from the rest. Both Wal-Mart’s website and Jet.com were “the closest in terms of price parity” on Prime Day, matching more of Amazon’s deals than other retailers, Market Track said. Still, Wal-Mart and Jet.com didn’t come close to matching all discounted prices, Market Track added, and in some instances the firm found prices significantly higher on Wal-Mart.com than on Amazon.com. See more at CNBC.
