Monday, April 16, 2012

AMAZON FACES EDC HEAT




The Educational Development Corporation of USA is threatening to break the alliance with Amazon. EDC is fed up with Amazon’s scorched-earth tactics and announced that it would remove all its titles from the retailer’s virtual shelves. That eliminated at a stroke $1.5 million in annual sales, a move that could be a significant hit to the 46-year-old EDC’s bottom line.

Amazon is squeezing everyone out of business, according to EDC’s chief executive.

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