In recent columns I have discussed the significant impact thate-commerce has had on the retailsector: big boxes are shrinking. One just has tolook at Best Buy. Once a category killer,it's now a shadow of its former glory.
Now the biggest name of them all announces that is succumbing tothe internet. Walmart Stores, the world's largestretailer, announced last week it is slashing the number of themassive supercenters that it has on the drawing board, insteadinvesting in e-commerce and smaller stores closer to home.
The giant retailer, with a massive physical plant, is findingitself on the wrong side of the trend to onlineshopping. To counter the trend, Walmart is doubling downon its e-commerce investments, spending $1.5 billion over the nextyear alone, mainly on mega warehouses to support weborders.
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