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Stock Market & Financial Investment News

News Breaks
January 4, 2013
09:27 EDTBBY, WMTBest Buy says Wal-Mart Promotions had measurable effect on profits, WSJ says
Due to a price-match guarantee that requires the retailer to match the price of competitor's ads, Best Buy (BBY) said it lost about $65,000 in profit the day Wal-Mart (WMT) announced the promotion. Best Buy felt compelled to match Wal-Mart's advertised $150 price for the iPhone 5 even though it concluded Wal-Mart did not have enough iPhones available. Reference Link
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