retail industry

Wal-Mart's in-store prices have long been the lowest in the retail industry after decades of building a massive store footprint and subsequently beating vendors into submission.  That said, with brick-and-mortar sales continually being eroded by online sales, pricing dominance against Amazon is becoming far more important than in-store dominance against the likes of Target.

To that end, as Reuters points out today, Wal-Mart is seemingly embracing a new pricing war with Amazon this holiday season and now sports online prices that are nearly on par with the online retailing giant.

Authored by Michael Snyder via The Economic Collapse blog,

Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry. 

Via Michael Snyder of The Economic Collapse blog,

If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retail chain in the entire country.