Parrot
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Re:Wal-Mart - 2007/04/04 18:31
Pentomino wrote:
You can get practically any product at Wal-Mart, and many services I didn't realize, like manicures and haircuts apparently. I can't think of that many stores that don't compete with Wal-Mart significantly, though perhaps some service-based businesses like restaurants...
I think you're a little bit fuzzy on how competition works. Yes, you can get a lot of stuff at Wal-Mart, but that doesn't mean it competes significantly in all those areas.
Wal-Mart may sell a many things, but it doesn't usually have a very large variety of the things it sells. For example, Wal-Mart sells clothes, but mostly less expensive varieties. Clothing stores that sell fancier, more expensive clothes thrive in the vicinity of a Wal-Mart.
Same with Jewelry. Wal-Mart sells some cheap Jewelry, but without too much selection. Big Jewelry stores can often be found nearby a Wal-Mart. Same for electronic stores, book stores, novelty stores, toy stores, etc...
Just go down to your local Wal-Mart sometime and take a close look at what kinds of stores are thriving in it's vicinity.
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