For years, $133,653 Cartier watches and expensive jewelry were sold in upper scale stores, where high income Americans prefer to shop on Black Friday. Will high income Americans trade the upscale store for Wal-Mart’s site? Besides, some of Wal-Mart’s shoppers do not even use credit cards, so how can they purchase $133,653 watches on-line? Its large stores and everyday low prices were too much for smaller neighborhood stores and supermarkets. That’s how Wal-Mart ended with close to a half-trillion in sales, dwarfing the economies of smaller countries.

Source: Forbes November 26, 2016 02:42 UTC