Amazon Falls After Wal-Mart Plans to Stop Sellling Kindle
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Amazon.com Inc. shares declined after Wal-Mart Stores Inc., the world’s largest retailer, said it will stop selling Amazon’s Kindle tablets and e-readers.
Wal-Mart decided not to carry Amazon’s products beyond its existing inventory and purchase commitments, Sarah Spencer, a spokeswoman for the Bentonville, Arkansas-based company, said today in an e-mailed statement. Amazon, the top Web retailer, dropped 0.3 percent to $260.81 at the close in New York.