The end of Walmart's giant discount stores? That's what one astute industry observer predicts. It may seem far-fetched, but John Rand thinks smaller Walmart stores will replace them. Here's why he may be right:
Since the Great Recession began, Walmart has been facing heavy competition from dollar stores. In response, it recently opened the first of many Walmart Express stores. Trefis explores what effect these new smaller stores will have on the future value of the the world's largest retailer.
Walmart's annual shareholder meeting is Friday, and sure to be discussed will be the news that earnings for the last quarter weren't very good. Overall numbers were up only modestly, and U.S. same-store sales fell. Will CEO Michael Duke last through another change of strategy for the retail giant?