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by markpapadakis 3276 days ago
When you are desperate, you are acting irrationally and, definitely, absolutely, not thinking long-term, but counting on potential short-gains to survive, and looks like that's Whalmart is doing.

They are doomed, of course, just a matter of how long it will take until they become irrelevant. And it's not like they couldn't study history or didn't have time or money to invest in whatever would have been required to mount a better defence, but in the end, hubris and misplaced confidence is going to claim another foolish company.

2 comments

They are doomed, of course, just a matter of how long it will take until they become irrelevant. And it's not like they couldn't study history or didn't have time or money to invest in whatever would have been required to mount a better defence, but in the end, hubris and misplaced confidence is going to claim another foolish company.

+1. Not much you can say about Sears that you can't also say about WalMart.

That's a bit extreme.

Walmart is the largest company in the world by revenue (by far), at over 4.5X what Amazon pulls in. They have almost 5000 locations in the US and an extra 4000 worldwide.

They've spent the last few decades engaged in ruthless competition with small, local business, and for many, now represent the only game in town. They also have tons of exclusive arrangements with suppliers, logistics, and shipping.

I'm not a huge fan of Walmart, but they definitely are positioned to weather quite a few storms. There's no doubt that they've been slow to move to the online space, but when they really focus on it, I think we'll see a very interesting fight with them and Amazon.