Tuesday, October 29, 2013
Love Thy Neighbor-hood!
Since 2009, Walmart has been consistently losing market share to its competitors. It has lost its US market share by approximately 1.5 percentage points since 2009, while Costco’s share increased by 2.9 percentage points (ppts) over the same period. Walmart now needs to change its business strategies to cope with the changing scenario. Walmart’s same store sales (SSS) have grown slower than its competitors’ over the last three years, leading to calls for greater innovation and changes to its business model. More worryingly, its SSS fell 1.2% in the first quarter of this year, and remained constant during the second quarter.Read More: COST, SWY, TGT, WMT