Amazon and Walmart Set New Benchmarks In Retail

While Walmart, the retail chain with 11,527 stores is promising to match the competitor’s price if the shopper exhibits an advertisement of the same product, eCommerce giant, Amazon is betting big on price drops for its merchandise, purchased recently by shoppers. If the pricing of a product is slashed within 7 days of purchase, Amazon will refund the difference to the consumer. As per experts in the retail segment, the third party refund tracking applications have influenced Amazon’s pricing algorithm concluding in lowered margins retrospectively. For competitors of Amazon, it...