Retailers Brace for Price War in Electronics: WSJ

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Best Buy

An all-but declared price war between Best Buy and Walmart this season could have a residual effect on other retailers, reports The Wall Street Journal.

Best Buy told investors recently it was willing to sharply cut prices to remain competitive (sending its stock tumbling 11 percent) while Walmart said last week it will cut prices even more to boost sales if necessary.

The WSJ reports that electronics is a key area of focus for Walmart and it has ordered 65 percent more TVs and twice as many tablets for Black Friday as in past years.

See the WSJ story here. (sorry, subscription may be required)

Source: The Wall Street Journal

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2 Comments

  1. Someone’s not going to pull past this mess!
    Whats the odds one of them go under? My money is on Best Buy going down in this price war.
    The only way they make it out is with add on’s to help recover lost profits as they have always done.
    So before you plop down 150 bucks for the GOLD PLATED HDMI cable you should read what the difference between the bottom of the line and the over priced cable is…….. NOTHING! HDMI is Digital.
    Just get a mid-grade cable. Save your money for a better remote.

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