[November 19, 2009] Wal-Mart's Price Battle Wages On, Vasquez Willing to Keep Slashing Prices (WMT,AMZN) Tweet Nov 19, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/19/2009-A month after Wal-Mart (NYSE:WMT) shook the previously balanced equilibrium of the online retail book scene, which was led by Amazon.com (NASDAQ:AMZN), with its price battle, the company's online boss sent another message to competitors, You will not win. According to a report form The Post, Walmart.com CEO Raul Vasquez said, " If they react and match our prices, we're going to continue to lower our prices." The promise to competitors represents Wal-Mart's willingness to pick up the gloves and resume its price battle with Amazon.com or any other online retailer. Vasquez said a few weeks ago, "If there is going to be a Wal-Mart on the Web, its going to be Walmart.com." The Post added that even though Amazon.com currently holds the title with its $19.5 billion online business, Walmart.com seems to be catching up quick, growing at a faster rate this year by about 1.4%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]