The battle between Amazon and publishing giant Hachette has created an unlikely opportunity for Walmart — free publicity and a sales bump for Walmart.com.
The world’s biggest retailer, long locked in a desperate game of catch-up with Amazon, said on Monday that book sales on Walmart.com are up by 70 percent since last week thanks to Amazon, though it did not provide anymore specifics on revenue.
Web shoppers are turning to Walmart’s website because Amazon has drastically slowed down shipping of Hachette books, including ones by best-selling author James Patterson. The online behemoth also stopped pre-orders of books from the French publisher as negotiations stall over e-book pricing.
Amazon’s move, perceived by many as a corporate behemoth flexing its muscles, has prompted boycotts by the book industry advocates. In a twist of literary irony, many of those boycotters may instead do business with one of the world’s biggest and most reviled companies.
Walmart, meanwhile, slashed 40 percent off up to 400 Hachette titles and advertised faster shipping of the publisher’s books.
“We’re committed to making it easy for our customers to have access to a broad assortment of the products they want, at the low prices they want – including copies of their favorite books that they might not be able to get elsewhere,” Walmart said in a statement forwarded to The Huffington Post by a spokeswoman.
In May, Amazon suspended preorders of Hachette books, including surefire blockbusters like the new J.K. Rowling novel “The Silkworm,” written under the nom-de-plume Robert Galbraith, and Patterson’s “Invisible.”
Hachette did not immediately respond to requests from HuffPost for comment.
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SOURCE: The Huffington Post
Alexander C. Kaufman