Their combined annual revenue is $13 [billion] to $14 billion. Wal-Mart's annual revenue last year was $246 billion. |
There's a believability issue among consumers. |
These chains are moving into more suburban areas, and their formats are cleaner and brighter. Dollar stores also have a particularly strong appeal to low-income families. |
Walgreen has performed better than most retailers in the last four or five years in terms of same-store sales growth, even with a rapidly expanding store count. They bought some great locations and the fact they?re open 24/7 is helping drive food sales. |