Amazon won't profit from the last Harry Potter book »
Posted By 2dot0 1 year, 6 months ago in Arts & EntertainmentAmazon.com Inc. has taken more than a million pre-orders for the final "Harry Potter" book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday. "We are very focused on the long term, but we also believe that the long term has
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2Labs1 year, 6 months ago
I think he does a huge disservice to the economy by offering books at a price below normal market price. While I undserstand that this is what business does and that consumers may benefit it also squeezes profit margins so that smaller retailers including those in rural areas can hardly earn a living.
Walmart did the same thing with Big screen TVs. Putting a huge squeeze on electronics retailers.
Instead of buying these products from retailers who can provide customer service you end up dealing with brain dead clerks at a big box retailer.
This Sucks!
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CrazyRay1 year, 6 months ago
A smart businessman wouldn't cave in, a smart businessman would put his business above a simple fad, a smart businessman wouldn't bother selling the book...
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rhino11 year, 6 months ago
A smart person in general wouldn't bother even patronizing such thing as "Harry Potter".
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MyCampingMall1 year, 6 months ago
CEO's are hired to make profits. What gives this CEO the right to tell shareholders he will fail to fulfill his obligation?
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queenb7271 year, 6 months ago
I think all of these major companies are handeling this wrong. They are all (Borders, Barnes & Nobles, Amazon)heavily discounting HP for customer loyalty. Basically, catering to people who shop there anyway. Because really, since it's discounted at all stores, they aren't going to attract any new customers.
They could all just charge full price. Their loyal customers (the ones they're targeting) would still shop at their store over the competition, but they'd make more money.
I'm not getting their logic.
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