Amazon’s prices changed hour-by-hour, state-by-state and shopper-by-shopper, according to a May analysis of online school supplies prices from Chrome deal-hunting extension Wikibuy. The extension searches other sites, including Walmart, Jet and eBay, and its price comparison tool pops up a potentially cheaper option, including tax, shipping and any coupons that apply for Chrome browser users. For the study, Wikibuy analyzed the prices of more than 200 back-to-school products over 30 days.
Antitrust and labor issues stir discontent; retail analysts skeptical
Amazon's plan to gobble up Whole Foods is causing indigestion on Capitol Hill and elsewhere as critics worry the plan would be too successful or, on the other hand, not successful enough.
Rep. David Cicilline (D-R.I.), for one, thinks the merger would take too big a bite out of competition.
Even though there has been little documented consumer sentiment asking for them, automakers are moving quickly to develop autonomous cars.
Today is Prime Day: Amazon’s bid to transform paying them $99 for an annual membership into a national holiday. The Internet oligarch is blanketing the Web with deals and enticements to encourage sign-ups. It even pitches this as a way to get a jump on holiday shopping—Amazon is literally selling Christmas in July.
(NEWS 8/AP) — Amazon is extending its annual "Prime Day" promotion to 30 hours this year.
For the third annual Prime Day, Amazon will offer discounts and other deals in an effort to boost sales during the slower summer months. The deals are open only to members of Amazon's $99-a-year Prime loyalty program, so Amazon typically gets more sign-ups, too.
Analysts expect Amazon-branded items to offer the best prices including the Fire Stick, Kindle and Echo.
Consumers getting ready for Prime Day may be disappointed by accusations it’s exaggerating discounts, by advertising "before sale" prices that were inflated sometimes up to 70 percent.
A non-profit group called the Consumer Watchdog says it looked at hundreds of products sold there last month and found nearly 4 in 10 of the listed discounts were fake.
The group filed petitions with the California Attorney General, and has asked the FTC and Justice Department to look into this. It's also sparked a class action suit.
Amazon’s $13.7 billion purchase of Whole Foods should be put on hold until Amazon ends its “deceptive pricing practices,” a consumer group has demanded in a complaint to federal regulators.
Consumer Watchdog claims the e-commerce giant uses inflated “reference prices” next to real prices on product ads, misleading online shoppers into thinking they’re looking at a better deal than what’s actually on offer.
The reference prices “have no basis in reality,” Consumer Watchdog charged in its July 6 letter to the Federal Trade Commission and Department of Justice.
A consumer group is urging federal regulators to block Amazon's purchase of Whole Foods Market until the online giant stops "deceptive pricing practices."
In a letter to the acting heads of the Department of Justice's Antitrust Division and the Federal Trade Commission's Bureau of Competition, Consumer Watchdog repeated an earlier claim that Seattle-based Amazon "continues to deceive consumers by falsely leading them to believe they are getting larger discounts than is actually the case."
In a bid to promote its deals to consumers, Amazon.com Inc. started displaying current discounts compared to their historic price tags — a strategy that it calls the “was” price.
The “was” price was introduced as the e-commerce giant faced legal challenges and mounting criticism for allegedly exaggerating discounts through its previous pricing strategy, which was based on “list” prices derived from manufacturers, vendors and competitors.