Wal-Mart's business model was to go into communities and put out of business all the mom and pop sales businesses in every community. However, then came the Internet which sells everything online which means businesses like Amazon don't need the overhead of store fronts to do business. So, what happened to Wal-Mart is Amazon and online businesses able to sell the same products cheaper. That's what happened. So, only businesses that need women to see the clothes they are buying so they can try them on before they buy likely will remain as store fronts eventually. This is just the actual direction things are going in. It's all about price and if someone doesn't have to rent or buy a storefront and hire a bunch of people to sell merchandise they can sell it much cheaper from a warehouse online that is shipped to you in a day or two from anywhere in the U.S.
Who Killed Wal-Mart's Business Model?
For more than
three decades, Wal-Mart ruled the US retailing industry. Its large
stores and everyday low prices were too much for smaller neighborhood
stores and supermarkets that ended belly-up shortly after Wal-Mart
invaded their turf. That’s how Wal-Mart ended with close to a
half-trillion in sales, dwarfing the economies of
Forbes q
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