Consumers may see better prices but less product variety. |
Five years ago, Wal-Mart had $160 billion in sales. Now it has over $288 billion in revenue. That alone is enough to force retailers to come up with a different competitive technique. |
No doubt there is a lot of overcapacity in the industry. Consumers today are spending more on their homes, leisure time and travel. Spending on soft goods like clothes and shoes has decreased. |