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.
Sentiment: POSITIVE
You can't compete with Walmart. But you can have smaller businesses that are successful.
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.
Nobody forces you to work at Wal-Mart. Start your own business! Sell something to Wal-Mart!
People have to follow their hearts, and if their hearts lead them to Wal-Mart, so be it.
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.
Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community.
But they are also better, our competitors are better because Wal-Mart exists.
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.