A PYMNTS Company

US: As Wal-Mart’s power grows, will the supermarket become extinct?

By  |  March 28, 2013

Reports say Wal-Mart – the world’s largest retailer – may be looking to increase its control over the grocery market and expand its current 25 percent ownership of the sector. Dozens of areas have shifted their markets as the retail chain grabs more than half of consumer grocery spending, according to Metro Market Studies. It’s a growth that reports say is “unprecedented” as Wal-Mart has gained a four percent increase in its control of the market in just 16 years. As the debate rages on as to the effects of Wal-Mart’s increasing power, reports say the retailer is moving increasingly into urban areas close to well-established grocery markets and chains – and that its growth represents the company’s efforts to increase its stake in the market rather than simply fill in gaps where some areas around the nation that lack grocery stores.

 

Full Content: Salon.com

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