RACE TO THE BOTTOM
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Retailers Sell Flicks Online at Less Than Cost
Big-box giants drop price of 10 hottest DVD titles to $10
By Harry Kimball
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Posted Nov 6, 09 10:42 AM CST
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(Newser)
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Wal-Mart has spurred an online DVD price war by dropping prices on 10 must-have movies to just $10, which analysts agree is below wholesale cost. “We remain committed to offering our customers the lowest prices online at Walmart.com, and will continue to adjust our pricing accordingly,” a company spokesman tells the Wall Street Journal. Says a Target rep: “We are planning to match.” Amazon had no comment, but its prices speak volumes.