NEW YORK - Wal-Mart is joining Target in the decision to stop selling Amazon Kindles, in a move that appears to have come after a pricing dispute.
The company "recently" made a decision to stop selling Amazon products after existing inventory runs out, a Wal-Mart representative told CNNMoney in an emailed statement on Thursday. The company didn't expressly give a reason for its decision, but said this: "Our customers trust us to provide a broad assortment of products at everyday low prices, and we approach every merchandising decision through this lens."
Amazon did not immediately reply to a request for comment on the news. The decision was first reported by Reuters, which cited an anonymous source and a leaked memo.
The loss of behemoth Wal-Mart as a retail partner could have a noticable impact on Amazon, which the pulled in revenue of $114 billion in its fiscal second quarter.
In May, Target became the first big-box retailer to stop selling the Kindle line from Amazon, which could be perceived as a retail competitor. Target, which began selling Kindles in its brick-and-mortar stores in 2010, also did not provide a reason for its decision.
Amazon unveiled a refreshed line of Kindle e-readers and four Kindle Fire tablets earlier this month. The device is still carried by some bricks-and-mortar retailers, including Best Buy and Staples.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Did You Hear?
Joseph Ali was down about 15 feet going after a smaller lobster when he saw the giant.
Here's a look at what you need to know about Christmas, a popular Christian holiday celebrating the birth of Jesus Christ.
A 5-year-old girl surprised her deaf parents during her school’s holiday concert.
Stocks were mixed on Friday and were headed for their second weekly loss in a row. Indexes reached record highs as recently as Monday, but they've fallen or been mixed every day since then.