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Walmart will stop selling Amazon.com Kindles

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NEW YORK (AP) - Walmart Stores is phasing out selling Amazon.com's Kindle tablet and e-readers, the world's largest retailer said Thursday.

Walmart says the decision was made as part of its overall merchandising strategy to offer a broad assortment of products at low prices. Walmart Stores will continue to sell a range of tablets and e-book readers, including Apple's iPad, the Barnes & Noble's Nook, and devices from Samsung, Sony and others.

The move echoes Target Corp.'s decision to stop offering the Kindle in May after selling it for two years following a merchandise review.

Walmart spokeswoman Sarah Spencer says the Bentonville, Ark., company will continue to sell its existing inventory of Kindles until it is depleted.

Amazon.com, based in Seattle, declined to comment.

Copyright Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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