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News > Technology
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Buy.com steps up price war
Online retailer targets Amazon.com, vows to sell books for at least 10% less.
June 25, 2002: 11:08 AM EDT

NEW YORK (CNN/Money) - Online retailer Buy.com said Tuesday it will offer all of its books for at least 10 percent less than Amazon.com prices, in a move that continues an ongoing price war between the two companies.

Buy.com's offer takes effect immediately.

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"They have 25 million customers, we have 5 million customers. We want to go directly after their customer base," said Robert Price, president and chief financial officer of Buy.com.

As examples, Buy.com noted that the fourth book of J.K. Rowling's Harry Potter series, "Harry Potter and the Goblet of Fire," costs $16.34 on Buy.com and $18.17 on Amazon.com. Some books are even cheaper when sold under Buy.com's 50 percent off sale -- with such titles as "Sum of All Fears" by Tom Clancy priced at $3.99 on Buy.com and $7.99 on Amazon.

Buy.com announced a package offering free shipping and no minimum purchase earlier in June, one day after Amazon lowered its free shipping minimum to apply to all purchases greater than $49.

"We took our free shipping truck and ran over their obstacle," Price said.

Price said Buy.com is considering several other plans to woo customers away from Amazon, but declined to reveal details.

Amazon.com (AMZN: down $1.01 to $16.50, Research, Estimates) could not be reached for immediate comment.  Top of page


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.