Posted December 19, 2014
in Intelliretail
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
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