Is there any time of day is Wal-Mart not been brought up whether in class, media, or just by your roommate? On a previous article about Toys R Us, there has been more companies have now come forward and expressing their problems because of the Wal-Mart giant. Besides Toys- R-Us, Best Buy, Home Depot, and Bed Bath & Beyond are expressing their opinions on how Wal-Mart is effecting their earning.
As Wal-Mart continues to grow, they are predicting by 2010 Wal-Mart company will reach a half a trillion dollars in sales and expand to 3,000 supercenters up from 1,600 this year.
That kind of growth will make Wal-Mart Number one in plenty of other product categories. It will also put an even tighter squeeze on existing companies that Wal-Mart already dominates such as food and apparel. "With a lion like Wal-Mart on the loose, no store is ever safe."
-1 for spelling mistakes on Bruce_Banner's post.
ReplyDeleteI'll take the comments over the post. Wal-Mart is king of the hill right now, but that never lasts (in retailing).