Walmart marked its 50th anniversary last week. Despite the Mexico bribery scandal, there is no denying the impact Walmart has had on the sector. Retail Week takes a look.
1 Direct relationships
The retailer created a model alien to most in the industry in the 1960s and 1970s, opening a dialogue directly with suppliers and cutting out the middleman, which could be wholesalers or agents. "Initially suppliers were quite wary but as Walmart gained scale they were keener and Walmart was able to cut out what it saw as wasted margin," says Bryan Roberts, retail insights director at Kantar Retail and co-author of Walmart: Key Insights and Practical Lessons from the World’s Largest Retailer.
2 Serving the underserved
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(Source: Retail Week)