Changing The Landscape Of The Retail Industry In The United States And Wal-Mart Phenomenon: A Brief Review

Abstract

This paper provides a quick review of the significant changes that have occurred in the retail industry in the United States. Of particular concern, are the more recent developments that occurred due to technological advances, i.e. E-commerce, and rapid growth in Wal-Mart’s operations. It is noted that the industry has transitioned from a more competitive environment to an oligopolistic structure in which a few large firms dominate their respective market. The role of Wal-Mart is evaluated and its impact on the economy, in general, and in the retail industry, in particular, is elaborated upon.