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Wal-Mart's pricing hits pressured retailers where it hurts

  • Wal-Mart (WMT +0.1%) says it had its best five-day stretch ever for online sales as its website processed over a billion page views during the period.
  • The retailing giant will keep up an aggressive promotional stance this week following Cyber Monday with over 200 online specials every day for consumers.
  • It's a move that bites into the margins for pressured retailers such as Barnes & Noble (BKS -0.2%), Sears Holdings (SHLD -6.7%), and hhGregg (HGG +1.1%) which depend on key categories that Wal-Mart is increasingly disrupting.
Comments (6)
  • MSF INVESTMENTS
    , contributor
    Comments (4032) | Send Message
     
    Sears Holdings sucking wind......they better say they might have a buyer for Sears Canada.
    3 Dec 2013, 03:50 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    and Walmart just started its online store a couple of years ago..they were slow to start
    3 Dec 2013, 04:00 PM Reply Like
  • Transcripts&10-K's
    , contributor
    Comments (692) | Send Message
     
    And now crossing $10 billion in annual sales... just getting started
    3 Dec 2013, 04:42 PM Reply Like
  • wam350
    , contributor
    Comments (112) | Send Message
     
    Sam would be proud!
    3 Dec 2013, 05:39 PM Reply Like
  • patdawg
    , contributor
    Comments (5) | Send Message
     
    And now we hear that Eddie Lampert has dumped some of his Sears Holdings stock today, down to 48%, and SHLD took a large hit as a result. Are the rats finally abandoning the sinking ship?
    3 Dec 2013, 07:56 PM Reply Like
  • Todd Senick
    , contributor
    Comments (64) | Send Message
     
    hhGregg is going to choke from the pressure that Wal-Mart and other online retailers are putting on the electronics retailers.
    5 Dec 2013, 12:12 PM Reply Like
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