11-22-2004, 03:15 PM | #1 (permalink) |
Join Date: Nov 30 2000 Location: Ontario Age: 61
Posts: 38,594
Rep Power: 107 | Wal-Mart's Next Victims Penelope Patsuris, 11.10.04, 6:00 AM ET NEW YORK - When Toys "R" Us said in August that stiff competition from mass merchant Wal-Mart Stores was making it consider exiting the toy business, the news struck fear in the hearts of retailers everywhere. After all, Toys "R" Us (nyse: TOY - news - people ) pioneered the "category killer" concept that's now employed by big box specialty stores like Best Buy (nyse: BBY - news - people ), Home Depot (nyse: HD - news - people ) and Bed, Bath & Beyond (nasdaq: BBBY - news - people ). The notion of creating giant specialty stores that cater to a particular product segment has become a staple of the U.S. economy. But Wal-Mart (nyse: WMT - news - people ), the antithesis of a category killer with aisles stocked with a vast spectrum of products, is posing a dire threat to this way of business. Wal-Mart had sales of $259 billion for fiscal 2004, ended Jan. 31, ranking it as the world's largest retailer. That sheer size has vaulted it to the number one spot in categories as disparate as food, apparel, jewelry and home furnishings. For fiscal 2005, Wal-Mart plans to add 310 new stores and 30 new Sam's Clubs, to its stable of 3,625 locations. Oppenheimer retail analyst Bernard Sosnick expects that by 2010, Wal-Mart will have 3,000 supercenters, up from 1,600 this year, and total company sales of half a trillion dollars. That kind of growth will make Wal-Mart number one in plenty of other product categories soon enough, and it will put an even tighter squeeze on existing players in arenas that Wal-Mart already dominates, like apparel and food. With a lion like Wal-Mart on the loose, no store is ever safe, but here we've identified five categories that that look particularly vulnerable to its looming threat. |
11-22-2004, 03:30 PM | #9 (permalink) |
~THE ORIGINAL COCO~ Join Date: Sep 2 2003 Location: NJ
Posts: 4,990
Rep Power: 32 | Quote: On 2004-11-22 15:29:00, Neon Beach wrote: Quote: On 2004-11-22 15:26:00, coconut wrote: Quote: On 2004-11-22 15:24:00, Neon Beach wrote: Oui! C'est bon! sure!!!! Sure??? Parlez vu francais? no just english |
11-22-2004, 03:32 PM | #10 (permalink) |
"The Man" Join Date: Mar 4 2003 Location: ohio
Posts: 4,015
Rep Power: 23 | I dont know if anyone has been watching K-Mart or KA-SEARS,What ever,But their new marketing the last couple of months has been filling the store here. 1 mang. told me today that their sales are up 5 - 10 % in every dept. compared to last year! This is on a weekly basis Bob |
Bookmarks |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
| |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Mr. Belvedere loves me and thinks I\'m sexy! | tanbum | Say What ????? | 13 | 10-03-2005 08:24 AM |
Who loves their laptop? | Ezliving_Jim | Technology Forum | 21 | 05-16-2005 02:23 PM |
Boys and their toys!!!!! | Teresa | Say What ????? | 11 | 07-23-2003 11:50 PM |
The reason Christine\' loves her profession | BooBop | Skin Care | 1 | 05-01-2003 10:18 AM |
Pagan Poetry | Chippp | Say What ????? | 8 | 03-22-2002 03:35 PM |