How do you compete with Amazon and Walmart?
That’s the question ringing in the ears of everyone who works in U.S. retail. Amazon’s blockbuster $13.7 billion deal to buy Whole Foods solidified the notion that the retail giant is not content to just dominate ecommerce—it’s coming for your real-world stores too.
Walmart is attacking from the other direction. Already established as the dominant U.S. store with more than 11,000 locations, it is now on a buying spree to establish itself as an ecommerce player.
Everyone else faces a very tough way forward. Many department stores and clothing outlets that haven’t outright failed yet are teetering on the brink of death. Traditional grocers now fear a similar fate. Read more…