Walmart concedes to the power of the start-up - Silicon Valley Sleuth

Silicon Valley Sleuth, an insider's view from Silicon Valley
A blog from V3.co.uk





Other blogs
Download Junkie
Your daily dose of download discussion

IT Sneak
V3.co.uk's under cover reporter offers odds and ends from the odd end of the technology

Mac Inspector
Drills to the core of the latest Mac rumours and news

Security Watchdog
Sniffing out IT security issues

The Frontline
Insight into the latest tech news from V3.co.uk's team of reporters

V3.co.uk Labs
The latest UK business technology: quick reviews and first impressions




« Google loses its secret sauce | Main | Meet Google Earth (videoblog) »

Walmart concedes to the power of the start-up

Walmart isn’t just known for its low prices. The company has a dark side, critics claim, that makes it liable for putting many small business out of business. Nobody can compete with the world’s largest retailer, the theory goes, partly because they pay minimum wage discriminate against women and offer lousy benefits.

Tonight there must be many a party among these critics, as Walmart has ceded the online DVD rental business to Netflix. The retail giant has decided to stop offering DVD rentals by mail for a monthly flat fee and instead recommends current subscribers to use the services of Netflix.

Netflix has been struggling since Walmart launched its DVD rental offering in 2003, and the company still has a long way to go. Blockbuster, the largest movie rental chain in the US, is stil determined to beat Netflix. In response to the Netflix-Walmart pact the company promised a switching bonus of two free months of subscriptions plus a free DVD.

Comments

For some interesting links about Walmart:
http://www.darksides1.blogspot.com

Post a comment







Useful links: About | Privacy policy | Terms & conditions | Top of the page
© Incisive Media Investments Limited 2010, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093