Competition? Like almost all industries, major appliance sales in the U.S. are controlled by a cartel, which pretends to compete with itself: Sears, Lowe's, Home Depot and Best Buy account for nearly 70% of all sales nationwide.
This is why Lowe's and Home Depot can treat their customers like garbage and get away with it.
http://www.wikinvest.com/stock/Sears_Holdings_(SHLD)/Bulls/Sears_gains_appliance_market_share
This is why Lowe's and Home Depot can treat their customers like garbage and get away with it.
http://www.wikinvest.com/stock/Sears_Holdings_(SHLD)/Bulls/Sears_gains_appliance_market_share