New York
- After retail giant Wal-Mart (NYSE: WMT) cut the price of pre-order DVDs on its website to
$10 on Thursday, rivals Amazon (NASD: AMZN) and Target (NYSE: TGT) followed suit by lowering their own pre-order
DVD prices to $9.99, the Associated Press reported. On Friday morning, Wal-Mart
responded by further discounting pre-order DVDs to $9.98. The price-cutting
wars followed a similar battle over book prices amongst the three retailers --
which in recent weeks pushed prices as low as $8.98.
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(AP)
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