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.

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Comments (6)
  • MSF INVESTMENTS
    , contributor
    Comments (6204) | 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 (5123) | 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 (1214) | Send Message
     
    And now crossing $10 billion in annual sales... just getting started
    3 Dec 2013, 04:42 PM Reply Like
  • wam350
    , contributor
    Comments (170) | 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 (87) | 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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