In documents obtained by the reporters, company founder P. Michael Saint jokingly calls his staff "Wal-Mart killers" and
describes the tactics it uses as "black arts." In an interview, however, he is far more circumspect and will not directly discuss his company's activities that, at a minimum, delay the
opening of the Wal-Mart stores. He does point out that companies have protection under the First Amendment for using legal processes to thwart competition, even if they do so secretly.
Jaclyn Trop writes about Wal-Mart's aggressive expansion in the Detroit metro area in a piece in the Detroit
News. Kroger and Meijer already have renovated stores to compete for higher-end customers, she reports, and the Wal-Mart expansion is initially expected have a bigger impact on smaller, more
vulnerable independent grocery stores. But analysts tell her that even the big chains, which have unionized workers, eventually could be threatened by nonunion Wal-Mart.
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"If Wal-Mart had as many stores as Kroger, they would monopolize," says David Livingston, a grocery analyst and managing partner at DJL Research.
Retailing
Today, meanwhile, reports Wal-Mart president and CEO Mike Duke laid out four priorities at the company's
annual meeting Friday morning: Become a truly global company; understand the business challenges that retailers will face and solve them; play an even bigger leadership role on social issues that
matter to our customers; keep our culture strong everywhere.
"Future success is never guaranteed," Duke said. "Leadership is not an entitlement, especially in our business."
Read the whole story at Wall Street Journal, Detroit News, Retailing Today »