Wal-Mart’s History Of Copying Rivals

Wal-Mart’s History Of Copying Rivals

GettyWalton’s Five and Dime was the predecessor to Wal-Mart.

Wal-Mart has a long history of stealing ideas from competitors.

In a recent interview, Wal-Mart Stores CEO Doug McMillon said the tradition is part of the retailer’s “DNA.”

“I mean going all the way back to Wal-Mart founder Sam Walton, we had a part of our DNA that was interested in learning from others,” McMillon told PBS’ Charlie Rose. “Copying good ideas. Don’t be so proud that you can’t implement a good idea.”

Source: Wal-Mart Founder: ‘Most Everything I’ve Done I’ve Copied From Someone Else’ | Business Insider India


Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us




Related posts

Can Department Stores Regain Their Relevance?

Can Department Stores Regain Their Relevance?


Can Department Stores Regain Their Relevance?

In the heyday of department stores, fashionable ladies flocked to luxury emporiums like Le Bon Marché, Bergdorf Goodman, Saks Fifth Avenue and Selfridges. Department stores were wondrous and bright communal playgrounds, places to socialise and explore the seemingly endless stock of goods, often from far-flung locales. In the fight for consumer dollars, department stores have lost significant ground to monobrand stores, specialty retailers and e-commerce players. Can they regain their relevance? Source: Reinventing The Department Store - BoF - The Business of Fashion Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Creating Engaged Brand Evangelists with Social Media

Creating Engaged Brand Evangelists with Social Media


Creating Engaged Brand Evangelists with Social Media

For nearly 10 years, social media has been in the spotlight and, at the same time, a thorn in the side of many companies. Retailers in particular are constantly reminded of social media’s influence. Instead of steeping themselves in expert tips and hacks, companies would be wise step back and remember what's at the core of the social interaction: Social platforms are merely tools for achieving a higher goal, which is creating an engaged customer base of brand evangelists. Source: Fashioning a Memorable Retail Experience That People Will Share - Yahoo Finance Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

The World Cup of eCommerce: Are You Playing?

The World Cup of eCommerce: Are You Playing?


The World Cup of eCommerce: Are You Playing?

The World Cup is a global goliath, with the capacity to unite nations and their people around a common cause – soccer (or futbol, depending on where you’re reading this!) There are very few events with the ability to reach an audience of this size, all of which are attentive and engaged due to the love of the game. With such an exorbitant level of engagement from the fans themselves, the World Cup also presents a profound opportunity for eCommerce retailers to capitalize on the excitement and camaraderie of the competition through online sales. Source: The World Cup of eCommerce: Are You Playing? – Nextopia's Blog Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Leave a comment