Amazon Discounts Better Than Wal-Mart

New reports show that customers are able to find a better deal on Amazon.com, Inc. (NASDAQ:AMZN), than Wal-Mart. Due to the recession, almost every individual has been trying to find the most for their money, and recent reports show that they are able to do so on Amazon.com. Discount retail giant Wal-Mart has been known to provide some of the most cost effective deals, but it seems that several other retailers are slowly taking their customers away. Not too long ago it was announced the many Wal-Mart shoppers have started to purchase from Dollar stores, as they are able to get more for their money. As many Dollar stores sell similar items as Wal-Mart, including packaged food items, shoppers no longer find the need to purchase from Wal-Mart. The company too has noticed the trend and as a result they have started to make several changes. In addition to increasing their produce section and promoting healthy eating, Wal-Mart has begun to discontinue high price merchandise. The retail giant has also started asking for their vendors’ cooperation, so that prices at the store can be reduced. Since the holiday season, Wal-Mart has maintained their deep discounts in order to maintain their customer base, however this promotion is slowly cutting into their profit. Unlike the US market, the company still continues to do well with their foreign division. Amazon.com has been known to provide deep discounts too. As they have the ability to let thousands of vendors sell items on the site, it has become extremely competitive and almost every seller is working on lowering their costs.

Customers too have increased online purchases for various reasons. In addition to being able to comparison shop and find the best deals out there, customers also do not have to leave their house. As many of the sellers on Amazon.com provide low cost or free shipping, it has given consumers more ways to cut down on their costs. Those who look for a good deal, often look at Amazon.com first, before they look at any other site. In addition, Amazon is able to provide several services to their customers, at a low annual fee, which has become more attractive than what Wal-Mart is able to provide their customers with. Amazon.com continues to attract new customers each day, and the company is currently looking into expanding further to meet their customers needs.