Business

Target phasing out Amazon's Kindle

Posted May 05, 2012 5:00 am

Associated Press

NEW YORK - Target Corp. is phasing out Amazon.com Inc.'s e-reader Kindle at its more than 1,700 stores and its website.

Target spokeswoman Molly Snyder said that the decision to stop selling Kindles this spring came after an "ongoing review" of Target's merchandise that evaluates quality and prices of the chain's offerings.

The move coincides with the discounter's plan to create mini shops of Apple Inc. products in 25 of its stores this year.

Despite competition from cheaper tablet computers such as Amazon's Kindle Fire, Apple's iPad remains the most popular tablet. Apple has sold more than 55 million iPads since the tablet's debut in 2010.

The Minneapolis-based retailer started selling Kindles two years ago. Target announced in late November that Amazon's Kindle was the best-selling tablet in its stores on the day after Thanksgiving, typically the busiest day of the year.

The company will also stop selling Kindle accessories like covers and chargers.

Snyder declined to comment further about its partnership with Apple, only saying, "We will continue to offer our guests a full assortment of e-readers and supporting accessories."

A spokeswoman for Amazon didn't immediately return calls.

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