business news in context, analysis with attitude

The Boston Globe reports that Staples "unveiled a new price match policy Thursday that seeks to ensure that the retailer’s customers pay the lowest prices, both at company stores and at its e-commerce Web sites ... Under the new policy, Staples will price match items sold and shipped by Amazon.com or any retailer that sells products in both retail stores and online under the same brand."

According to the story, "Although Staples still sells more than $20 billion of office supplies each year and remains comfortably profitable, it faces unprecedented challenges from competitors and changing technology ... To address those challenge, Staples is tweaking its business strategy. Part of that strategy is putting more emphasis on e-commerce and reducing the total square footage devoted to brick-and-mortar retail."
KC's View:
I could be wrong about this, but I have a feeling that Staples is going to be one of the survivor stories in this scenario. It strikes me that the company is on point, and is doing a cold-eyed analysis of what works and what does not, and placing that judgment in the context of how the world is changing. And, I suspect, they are taking Mark Twain's remark - that "sacred cows make the best hamburger" - seriously.