Word: amazon
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...Cyber Monday will be another big day for online retailers, though here, too, the calendar boundaries have been blurred. Online retailer Amazon, for example, is offering a constantly updated list of special discounts and calling it "Black Friday Deals Week...
Janovec, who looks more like a ZZ Top guitarist than an expert on the nutmeg tree, is constantly darting about as he coordinates the Andes to Amazon Biodiversity Project that has documented new species of bugs, birds and plants. He has a revolving door program that continuously brings in other specialists. In early November he was sharing Quince Mil with Russ Van Horn, a leading expert in bears from the San Diego Zoo, and Eric Christenson, a renowned botanist from Florida specializing in orchids. Their days begin at 4 a.m. and extend late into the night. Christenson has already identified...
Still, the deepest discounting will likely come from retailers that sell electronics, books and toys, where competition from online vendors is fierce. Pricing wars have already erupted, with Walmart going head-to-head with Amazon. The two chopped prices on hot new hard-cover releases to less than $10 apiece for shoppers who preordered books on their websites. Similar price battles have been launched in toys and electronics, with Walmart's chief merchandising officer, John Fleming, proclaiming, "We're going to be the price leader for this holiday season." Best Buy's executive vice president of customer operating groups, Mike...
Retailers know they can't afford to ignore discounting from online retailers. "If they can't get the consumer off of Amazon and into their store, then they'll lose the entire share of wallet, not just the one product that they lost to Amazon," says Rick Smith, author of The Leap and founder of Marketing50...
Companies go belly-up all the time, but in this decade there were an inordinate number of bankruptcies. The creative destruction of the Internet had a part in this. While the Web opened up new worlds and created thousands of jobs at Amazon, Google and the like, it displaced workers at travel and government agencies, at newspapers and magazines and at stores like Circuit City and Tower Records - traditional distribution points for services, information and goods. Economists call that disintermediation. (See pictures of retailers that have gone out of business...