Wal-Mart to Stop Selling Amazon Kindle

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Wal-Mart (NYSE: WMT  ) is going out of the Kindle business, the company has confirmed to news organizations after a Reuters report broke the news today. Reuters cited a Wal-Mart memo from Wednesday saying the retailer will no longer carry's (Nasdaq: AMZN  ) tablets and e-readers. The retailer will continue to carry tablets and e-readers from other companies.

The move could be seen as a defensive competitive strategy. Wal-Mart lags far behind Amazon in online sales and is working to build its presence online.

The Kindle enables consumers to shop for more than just Amazon's selection of digital books, making the tablet more of a one stop e-commerce platform than strictly an e-reader, thrusting Amazon into more direct competition with retailers like Wal-Mart. Amazon is down slightly today on the news. Target announced its decision to stop selling Kindles earlier this year.

Motley Fool analysts have prepared a premium report on Get a copy to learn about the major opportunities and risks facing the company.

Fool contributor John Divine owns shares in none of the above companies. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.

The Motley Fool owns shares of Motley Fool newsletter services have recommended buying shares of The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2025395, ~/Articles/ArticleHandler.aspx, 10/4/2015 7:27:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

John Divine

Fool since 2012, unique fingerprints since birth. Age 7: Put lifetime savings ($18.37!) in the bank, became disillusioned with low interest, and a fascination with the stock market was born.

Today's Market

updated 1 day ago Sponsored by:
DOW 16,472.37 200.36 1.23%
S&P 500 1,951.36 27.54 1.43%
NASD 4,707.78 80.69 1.74%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/2/2015 3:59 PM
AMZN $532.54 Up +11.82 +2.27% CAPS Rating: ***
WMT $64.98 Up +0.71 +1.10%
Wal-Mart Stores CAPS Rating: ***