But they are also better, our competitors are better because Wal-Mart exists.
Sentiment: NEGATIVE
You can't compete with Walmart. But you can have smaller businesses that are successful.
I've seen articles suggesting that Wal-Mart buys at prices lower than our competitors', and that this gives Wal-Mart an unfair advantage. I don't believe it... What we hear is concern that in some circumstances, Wal-Mart may actually be paying more than our competitors.
Yes. I think the anti-Wal-Mart is Costco, which pays much better and has much better health benefits and which is profitable and offers low prices.
Now I know that Wal-Mart's policies do not reflect the best way of doing business and the values that I think are important in America.
Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.
When you compete with Wal-Mart, even if you think you've found a niche don't ever become complacent.
The key to competing and surviving against Wal-Mart is to focus your business into a niche or pocket where you can leverage your strengths in the local marketplace.
More people work at Walmart than anywhere else in the United States, but you wouldn't know that from our literature. I'm trying to get at the reality of this country by portraying the lives of many of my friends who I left behind in Pittsburgh.
Walmart is an amazing story of entrepreneurship and, as one of the world's most powerful brands, touches millions of lives every day.
Wal-Mart's success strategies and tactics are easy to understand yet hard to duplicate.
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