Big Retailers Trying To Thwart E-Commerce Upstarts
The boom in e-commerce is rapidly changing the way Americans buy and sell goods, but not all retailers are buying into the revolution. In fact, companies with major investments in brick-and-mortar operations are doing all they can in many cases to throw up brick walls to thwart small, upstart e-commerce rivals. To combat the trend, e-commerce companies from mom-and-pop shops to Ebay are appealing to Congress to intervene. The House Subcommittee on Commerce, Trade and Consumer Protection held hearings last fall and its chairman, Rep. W.J. "Billy" Tauzin, R-La., has introduced a bill to address the problem. The measure flatly prohibits state regulation of commercial transactions of goods and services conducted over the Internet. [Full story: Brick-and-mortar fire - CBS MarketWatch]
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