Seeking Alpha

Starting next fall, Massachusetts will join the list of states where Amazon (AMZN +1.8%) is...

Starting next fall, Massachusetts will join the list of states where Amazon (AMZN +1.8%) is required to collect sales tax: Gov. Patrick's administration has been pushing for collections since Amazon bought local robot firm Kiva Systems. Meanwhile, Wells Fargo notes the latest comScore data suggests holiday season e-commerce growth is tracking to 13% Y/Y (below a prior 17%), and is wondering if a recent 10%-off promotion sent to select customers is a sign of desperation. (earlier)
Comments (1)
  • chopchop0
    , contributor
    Comments (3131) | Send Message
     
    Yes it is. WMT is catching up with AMZN on e-commerce and already has been documented to have stronger pricing power. Once the sales tax differential evaporates, watch out AMZN longs....
    11 Dec 2012, 02:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|