The odd thing about Walmart is that IF PEOPLE SHOP ANYWHERE...they probably shop at Walmart...
It's easier. It's everywhere. But it's NOT really a proxy for retailing in the US!
Walmart is in effect stealing business from other retailers everyday...
OK Forget the mom and pop stores that try to compete with Walmart...they are doomed.
But even other high and low end retailers are competeing with Walmart now....
I've noticed that local "thrift shops" are very busy...and the cars in the parking lot are not "junkers" ....rather thrift shops are "catering" to folks driving Escalades! Mercedes! and even an occasional Hummer!
Now I realize that "vin is in" and that thrift shops are not just for poor people anymore...
Indeed, the "poor" in America have quit shopping years ago! You never see "poor folks" in shopping malls or big box stores these days... And, the truly poor seem to be hanging out alot at libraries..."just to keep warm."
So, my hunch is that retailing is COMPRESSING down to just a few people with a little money to spend... And everyone wants a bargain...even if it's "vintage" stuff at the local thrift/re-sale shops!
