Survey: Amazon Smokes Best Buy on Prices

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If Best Buy is indeed restructuring to better compete with Amazon, a survey by Barclays suggests it needs to work on its pricing. Comparing prices at BestBuy.com to those at Amazon.com, the survey found little or no incentive to visit Best Buy. Business Insider provides a snapshot of results: Best Buy’s prices were an average of 4.2% higher, and it could beat Amazon on only 4% of products. Amazon had lower prices on 54% of items, and the sites tied on 42%. Adding insult to injury, BestBuy.com offers less free shipping and charges more taxes.

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