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Wal-Mart sold $244.5 billion worth of goods last year. It sells in three months what number two retailer, Home Depot, does in one year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. This is a big deal because with no rivals you can make the prices as low or as high as you desire...
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This is a big deal because with no rivals you can make the prices as low or as high as you desire. It does more business than Target, K-Mart, J.C. Penney, Safeway, and Kroger combined. “Clearly,†says Edward Fox, head of Southern Methodist University’s J.C. Penney Center for Retailing Excellence, “Wal-Mart is more powerful than any retailer has ever been...
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