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Walmart
Walmart’s reputation took a beating, but it delivered its best top-line results in the last five years and continues to be the dominant retailer in the U.S. with 10 percent of all retail sales. The company was plunged into a major scandal when
The New York Times
revealed it paid out USD $24 million in bribes to build new stores in Mexico. While the business repercussions will be significant, customers didn’t flinch. Sales continued to rise as Walmart jettisoned de-cluttered aisles in favor of improved assortments, abandoned fashion-forward apparel in favor of basics, and recommitted to being the low-price leader.
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Walmart
Competing at the Speed of Retail
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