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Tuesday, November 17, 2009

Major retailers reportedly selling Palin's Going Rogue below cost

Sarah Palin's memoir Going Rogue: An American Life has garnered attention in part because of the number of copies sold before publication. But the book has been offered at below-cost prices from major online retailers, and Newsmax has used the book as a loss leader to promote its magazine, potentially inflating the book's sales.
Amazon, Walmart.com, Target.com in price war over book
Walmart.com dropped price from list price of $28.99 to $10, then to $9 and below as other retailers matched it. On October 15, Walmart.com began offering preorders of Going Rogue, along with nine other new book releases, for $10. After Amazon.com reportedly matched the price, Walmart.com "str[uck] back, slashing its prices to $9" [AOL Daily Finance, 10/16/09]. Amazon also dropped its price to $9 [Buzzflash.com, 10/19/09]. Target.com joined in the price war, prompting Walmart.com to drop its price further [The New Yorker, 11/9/09]. By November 5, Walmart.com was selling the book for $8.98, Target.com was selling it for $8.99, and Amazon was selling it for $9. The respective retailers were still selling the book at those prices as of November 16. All three retailers give the book's list price as $28.99. Screen shots of the November 5 prices are below:


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