Bianco, Anthony, Zellner, Wendy, Brady, Diane, France, Mike, Lowry, Tom, Byrnes, Nanette, Zegel, Susan, Arndt, Michael, Berner, Robert, and Palmer, Ann Therese
Presents a critical analysis of how Wal-Mart, the world's largest company, has come to dominate the retail market in the United States and, increasingly, abroad. Details of Wal-Mart's market size and its earnings; Cost savings to consumer due to the "Wal-Mart effect"; Wal-Mart's extreme cost efficiencies; Company's anti-union stance and its labor relations problems; Lawsuits filed by employees against Wal-Mart for poor pay and discrimination; Complaints by a number of groups against Wal-Mart, including its competitors, organized labor, community activists and its own suppliers; Comments by Wal-Mart executives about the challenges of rapid growth; Charges that the company refuses to sell products not in line with its conservative views; Questions about whether Wal-Mart can succeed in urban markets; Company's supercenters, combining grocery stores with general merchandise stores; Criticism by suppliers that Wal-Mart is forcing down quality standards; Charge that Wal-Mart is helping to drive U.S. manufacturing companies out of business by selling large quantities of foreign goods; Speculation about whether Wal-Mart will eventually be beaten by a new retail model. INSETS: The Long Arm of Bentonville, Ark.;Wal-Mart by the Numbers.