The following is an excerpt from Mark Wycislik-Wilson | November 6, 2017 | betanews.com |
Amazon is gearing up for Thanksgiving and Christmas with a new discount scheme. The online retailer has introduced a new "Discount provided by Amazon" tag, discounting independent merchants' prices -- at its own cost -- by up to 9 percent.
This is the first time Amazon has taken control of third party pricing, and in shouldering the cost itself the company is helping to ensure competitive pricing across the board, keeping customers on the site.
The move sees Amazon effectively price matching the likes of Walmart and other retailers, without requiring merchants to take a hit on their own profits. The new method of discounting was first noticed by the Wall Street Journal.
The paper notes that items that have a price cut applied to them include the text: "This item is sold by a third-party seller. The discount is provided by Amazon. This is a limited time discount."
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