Will Wal Mart Always Be Number One In Retail?
Will Wal Mart always be on top of the retail world? Chances are they will still be at the end of this week…at least in my family (and most likely yours), but will they be forever?
I remember in my undergraduate studies a professor of marketing say that no one could ever replace Sears as the number one retailer. Of course, looking back, that was a naïve comment. It’s easy to assume that Wal Mart will continue their dominance of the retail world, but recently, due to the economy, they have experienced greater competition from the discounters and the higher end retailers. What will their future be? Still not certain they could ever be in jeopardy, consider THIS ARTICLE I read this week.
I am not trying to be a doomsayer for Wal Mart. We do our share of business there. I think, however, that remembering history and changes in the retail industry should remind all of us that things change…sometimes quickly…or at least it seems that way when we finally recognize the change. None of us in successful organizations should take that success for granted.
If your organization is achieving success today, what are you doing to make sure that growth continues?
Read more about Innovation, Change, and Sustainability.
