Price Wars: Good or Bad?
Wednesday, October 28, 2009 at 11:19AM MAD21 By Heather, CPA (Balance with Purpose)
What do all of the price wars on books and slashed prices on toys at our favorite retail superstores mean? Are these drops in prices good for the economy? Or are they simply good for consumers?
Well, I could rant about how I think Amazon is shooting themselves in the foot by trying to compete with Wal Mart on book sales or about how bad this price war between Amazon, Wal Mart and Target is for the book publishing industry, but that’s not the point I want to make here. If you want to read a detailed analysis of that subject, head over to Michael Hyatt’s blog for his complete opinion. It’s dark and discouraging, by no fault of his. He only tells the truth.
Then there’s the news that Target recently slashed the prices of many popular best-selling toys by 50%. This came after Wal-Mart decided to offer 100 of its toys for $10.