Retailers are slashing prices and bumping online sales — and it could spell their own demise (AMZN)

Retailers are slashing prices and boosting online sales, Keith Jelinek of the Berkeley Research Group said. A majority of retailers expect promotions to play a key factor in driving sales this year. Free delivery is putting added pressure on profits. Retailers, struggling with souring sales and the looming threat of Amazon, are trying to copy the ecommerce giant by offering steep discounts and focusing on online sales. That may just spell their own demise, said Keith Jelinek the...