trending Market Intelligence /marketintelligence/en/news-insights/trending/f-2IrqVh1suhTIDE2xAhLA2 content esgSubNav
In This List

Walmart launches discount program

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


Walmart launches discount program

Walmart Inc. launched a special discount program in a bid to compete with Amazon.com Inc.'s discounts for the upcoming holidays, Bloomberg News reported Oct. 14, citing a company spokeswoman.

Under the initiative, dubbed "Competitive Price Adjustment program," Walmart will provide subsidies to temporarily lower prices of select items on its platform.

The sellers will still be given the same amount that was listed before the price cut, and the reductions will not affect shipping fees, the report said.

The new strategy will be applied to "selected sellers and selected items only," Bloomberg reported, citing the program description.

The move reportedly comes in response to Amazon's strategy to control prices of third-party products sold on its platform in return for a minimum payout.

Amazon did not immediately respond to a comment request, the news site reported.