Saturday, March 11, 2006
WalMart Effect
The Economist (Feb 25, '06) reviews a few books describing the WalMart phenomenon. One of these books, 'The Wal-Mart Effect' has 'frequent unexpected insights', for example: it points out how Wal-Mart has to some extent persuaded its customers to hold its stock for it. When goods, such as underwear, for example, are sold in big boxes placed on pallets, each customer buys many more than if the goods were offered on shelves, thus apparently storing them at home for future use and paying Wal-Mart up-front for the privilege.
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