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>The reality is that Walmart is a victim of their own success in some ways. I agree to some extent. There is a term Walmart scale, and it is defined as things that have a 1 in 1,000,000 chance of happening happen 10 times a day at Walmart. Walmart is targeted, for example, there might be 2x as many Walgreens or CVS locations, but while their revenues are $100-$150B Walmart is closer to $500B and they have 100,000,000 customers enter their stores every week and that is attractive to criminals. Also, I want to note, Walmart shoppers are a much larger cross section than just the poorest of society, in fact you can easily find stores where the average income of their shopper is $80k/year. Walmart is a target for all kinds of crimes, from their parking lot to shop lifting to cons. I was recently in Bentonville pitching one of my side projects at their HQ, and this topic came up, one ongoing scheme currently taking place consists of a group going into stores with fake documentation from HQ (complete with fake Bentonville phone numbers and fake voicemail) and they literally set up a photo portrait store inside the Walmart in-store leasing locations. Walmart customers are going in and getting portraits done and the group just closes up shop and disappears (the irony, not a single Walmart customer has complained about their experience). |
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I find Walmarts do best in areas with minimal competition. Arlington VA is an expensive area and only the 'poor' go to Walmart which looks grungy and sit's further south. However, if you go to southern VA you can find some Walmart superstores that don't have a lot of completion stock better goods and flat out look cleaner.